Gold prices went up Rs 80 to Rs 30,530 per 10 grams today, comforted by a positive global trend, along with increased buying by local jewellers to meet ongoing wedding season demand.

In contrast, silver slumped Rs 125 to Rs 40,575 per kg, driven down by reduced demand from industrial units. Apart from the firm trend overseas, traders said, local gold jewellers intensified their buying at the domestic spot market, which mainly led to the rise in prices.