Gold prices rallied to an all-time high to open at Rs 18,430 per ten grams on the bullion market here today on heavy stockists as well as retail investors buying in view of festive and marriage season amidst bullish trend in the global markets.
Silver also firmed up on good demand from industrial users.
Gold futures climbed by nearly $15 an ounce today in electronic trading in Asia on weak Euro amid sluggish equities that compelled investors to prefer these precious metals rather than going for risky assets.
Gold for June delivery climbed by $14.70 to $1,242.50 an ounce on Globex, after tapping an intra-day high of $1,242.80.
In local market, Standard gold (99.5 purity) rose by Rs 215 per ten grams to open at Rs 18,430 from last weekend's level of Rs 18,215.
Pure gold (99.9 purity) also shot up to resume at a new peak of Rs 18,520 from Rs 18,305 previously. Silver ready (.999 fineness) firmed up to Rs 29,945 from Rs 29,870 previously.
