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Gold jumped as reports that Spain moves closer to applying for a bailout sent the greenback lower. Adding to gains of the yellow metal, holdings of the largest gold-backed exchange-traded funds continued to hover near a record high of 75.03 million ounces.
Silver rose on rallying global equities and weaker US Dollar. Moreover, mild inflationary pressure in the US fueled speculation that the Fed is likely to continue stimulus measures.
Platinum gained amid lingering worries over labour unrest in South Africa as about 80,000 mineworkers continued to strike across the country.
Palladium was the top-performer despite weak automobile sales in Europe. Car sales in Europe plummeted 11% in September.