Gold & Silver

Gold scales new peak, silver at 61k-level

PTI Mumbai | Updated on September 04, 2012

Gold prices rebounded to mark another record high at the bullion market on Tuesday on investors’ and traders’ off—take, sparked by surging international prices.

Silver also hardened further to revisit Rs 61—K level on hectic speculative buying by stockists.

Standard gold (99.5 purity) rose by Rs 120 to end at Rs 31,320 per 10 gm from Monday’s closing level of Rs 31,200.

Pure gold (99.9 purity) also gained by Rs 115 to conclude at Rs 31,465 per 10 gm from Rs 31,350.

Silver ready (.999 fineness) climbed by a Rs 690 per kg to finish at Rs 61,000 as compared to Rs 60,310 yesterday.

In Europe, gold was trading six month highs on lower dollar, supported by growing prospect of further monetary easing by US Federal Reserve and ECB unveiling a plan to tackle debt crisis later this week.

Spot gold was bid up at $1,693.30 an ounce in early trade and silver was bid higher at $32.23 an ounce.

Published on September 04, 2012

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