Gold prices ticked up by Rs 25 to Rs 30,125 per 10 grams in the bullion market today on scattered buying by jewellers driven by the ongoing wedding season amid firm global cues.
silver eased Rs 60 to Rs 41,040 per kg on lack of buying support from industrial units and coin makers.
Globally, gold rose 0.16 percent to USD 1,279.70 an ounce in London.
In the national capital, gold of 99.9 percent and 99.5 percent purity inched up by Rs 25 each to Rs 30,125 and Rs 29,975 per 10 grams, respectively.
Spot gold eased by 0.3 percent to $1,285.16 an ounce by 0008 GMT.
Oil prices jumped on Monday as a huge wildfire in Canada's oil sand region knocked out over a million barrels in daily production capacity, contributing to a significant tightening of markets over the past weeks.
Akshaya Tritiya, considered an auspicious day to buy gold, is likely to be lacklustre this time as jewellers are expecting negative marginal growth compared to last year, on the back of rising gold prices, which is ruling at over Rs 30,000 per 10 grams.
Akshaya Tritiya Gold Rates, Past Year Prices

Prices on occasion of Akshaya Tritiya
Akshaya Tritiya date Price (Rs/10 gm)
Apr 21, 2015 26,960
May 2, 2014 28,815
May 15, 2013 26,825
April 24,2012 28,852
May 6, 2011 21,701
May 16, 2010 18,167
April 27, 2009 14,624