
The yellow metal
crossed its last record level of Rs 23,175 set on April 30 this year.
Similarly, silver spurted by Rs 2,300 to Rs 57,300 per kg, in line with
the general firming trend, on heavy buying by stockists and speculators.
Market analysts said the trading sentiments remained bullish as gold in
international markets climbed 0.66 per cent to a record USD 1,593 an
ounce, as concern about Europe’s debt crisis spurred demand for the
metal as a protection of wealth.
The precious metal
touched record levels in domestic as well as futures trade worldwide,
which further buoyed the sentiment, they added. At the Multi Commodity
Exchange, the yellow metal touched the peak of Rs 23,465 by adding Rs
269, indicating further upsurge in the coming days.
On the domestic front, gold of 99.9 and 99.5 per cent purity gained Rs
170 each to Rs 23,220 and Rs 23,100 per 10 grams, respectively.
Sovereigns also gained Rs 50 to Rs 18,850 per piece of eight grams.
Likewise, silver ready moved up by Rs 2,300 to Rs 57,300 per kg and
weekly-based delivery climbed Rs 3,060 to Rs 57,960 per kg, on brisk
buying by industrial units. Silver coins followed suit and jumped up by
Rs 1,000 to Rs 63,000 for buying and Rs 64,000 for selling of 100
pieces.
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