Surpassing all previous records, prices of both gold and silver today hit all-time high levels on heavy buying by stockists and jewellers for the current marriage season, amid a firm global trend.
While gold touched a new peak of Rs 20,800 per 10 gm by adding Rs 200, silver rose by Rs 100 and rallied to an all-time high level of Rs 42,500 a kg. Both the precious metals have been in demand for the last six sessions on brisk buying by stockists and jewellers to encash on the ongoing marriage season.
A firm global trend further fuelled the uptrend. Gold in overseas markets, which sets prices on the domestic front, added $1.50 to $1,377.90 an ounce. Silver also rose 0.4 per cent to $27.61 an ounce.
On the domestic front, gold of 99.9 per cent purity surged by Rs 200 to Rs 20,800 and 99.5 per cent purity by Rs 210 to Rs 20,670 per 10 grams, respectively. Both varieties of the metal have recorded a gain of Rs 380 in the previous five trading sessions. Sovereign followed suit and added Rs 50 to Rs 16,500 per piece of eight gram.
With the general firm trend, silver ready gained Rs 100 to Rs 42,500 a kg on increased offtake by industrial units, while weekly-based delivery shed Rs 20 to Rs 41,910 a kg. Silver coins remained at a record level of Rs 45,900 for buying and Rs 46,000 for selling of 100 pieces.
