Gold rises for the seventh day to hit all-time high, new orders on hold

Gold prices rose for the seventh day, adding 0.7 per cent in the Mumbai spot market on Tuesday to hit a new all-time high, prompting consumers to stay away from fresh orders. Standard gold has risen by 3 per cent and silver by 6 per cent in Mumbai’s Zaveri Bazaar in the last 10 days. While standard gold price closed at Rs 39,083/10 g, silver ended the day at Rs 46,665/kg. Gold is getting support in both the domestic and the international markets.