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Silver scales to dizzying heights, gold edges up

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 4:48 AM IST

Silver prices zoomed to a new record high at the bullion market here today driven by highly speculative build-up as well as strong industrial buying support despite bearish global trend.

Gold also moved up marginally owing to mild local demand.

Silver ready (.999 fineness) climbed further by Rs 110 per kilo to end at Rs 31,800 from last weekend's closing level of Rs 31,690.

Standard gold (99.5 purity) moved up by Rs 5 per ten grams to settle at Rs 18,975 from Rs 18,970 last Saturday.
    
Pure gold (99.9 purity) also gained by Rs 15 per ten grams to finish at Rs 19,075, as against Rs 19,060.
    
In Europe, gold mostly moved in a tight range on the back of strong recovery in stock markets.
    
Spot gold was bid at $1,249.60 an ounce in early trade, as against $1,248.04 late on Friday.
    
Silver was little changed at $19.85 an ounce, as against $19.87.

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First Published: Sep 06 2010 | 6:37 PM IST

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