Gold jumped on the greenback's weakness and optimism over the Eurozone's debt crisis. However, the rally was capped after the WGC reported that global gold consumption tumbled by 7% in Q2, weighted down by sharp fall in China's and India's demand.
Silver soared amid strong global equities and soft US currency. The white metal also drew strength from hopes for easing in the Eurozone.
Platinum was the top-gainer, surging by 3.39%. Hopes for easing coupled with supply concerns from Lonmin's mine pushed the precious metal up.
Palladium followed bullish trend on positive headlines from the US and Eurozone. However, weak manufacturing activity across the globe continued to dent industrial demand prospects for the metal.