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Gold regains record high on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:17 AM IST

Gold regained its record high after a gap of two weeks by adding Rs 30 to Rs 19,500 per ten grams in the national capital today on stockist buying influenced by a firm trend overseas.

Gold remained in demand following a sharp surge in its prices in the international markets by climbing to an all-time high of $1,313.45 an ounce.

However, silver retreated from its record high on profit-booking at existing higher levels.

Gold of 99.9 and 99.5 per cent purity advanced further by Rs 30 each to Rs 19,500 and Rs 19,400 per ten grams, respectively, a level last seen on September 15.

Sovereign also rose by Rs 50 to hit a record high of Rs 15,400 per piece of eight grams.

On the other hand, silver ready lacked necessary support amid profit-booking and lost Rs 50 to Rs 33,700 per kg, but weekly-based demand remained firm and gained Rs 50 to Rs 33,220 per kg on speculative buying.

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Silver had touched an all-time high of Rs 33,750 per kg in the previous session.

Silver coins remained steady at Rs 35,400 for buying and Rs 35,500 for selling of 100 pieces.

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First Published: Sep 30 2010 | 4:08 PM IST

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