Gold climbed to yet another record high at the bullion market here today on hectic buying by stockists and investment demand fuelled by rising global trend. Silver also advanced smartly on heavy speculative trading amidst good industrial offtake.
The bullion market was closed yesterday following the Mumbai serial blasts.
Standard gold (99.5 purity) rose by Rs 140 per 10 grams to end at Rs 22,890 from Wednesday's closing level of Rs 22,750.
Pure gold (99.9 purity) also gained by Rs 155 per 10 grams to close at Rs 23,010 as compared to Rs 22,855 previously. Silver ready (.999 fineness) zoomed by Rs 1,890 per kg to finish at Rs 56,775 from Rs 54,885 last close.
In New York, gold prices hit a record high after Moody's warning that US may lose the top credit rating, though momentum was capped on dollar strength following dwindling hopes of further economic stimulus.
Gold for August delivery up by $3.80 to $1,589.30 an ounce on the Comex division of the NYMEX yesterday. Silver for September contract moved up by 54 cents to $38.69 an ounce.
