Prices of standard gold touched to Rs 18,800-level for the first time in the history of the Bombay bullion market here today in early trade on sustained stockists as well as jewellers demand amidst rise in global market.
Hectic local and stockists buying in view of marriage season coupled with rising trend in overseas markets boosted the gold prices to some extent, a dealer said.
Standard gold (99.5 purity) advanced further by Rs 50 per ten gram to resume at 18,800 as against the overnight closing level of Rs 18,750.
Pure gold (99.9 purity) also firmed up by a similar margin to Rs 18,890 from Rs 18,840 previously.
Silver ready (.999 fineness) strengthened further by Rs 65 per kilo to Rs 30,065 from Rs 30,000 yesterday.
Gold futures rose for a sixth straight time in New York, benefiting from safe-haven buying, as worries over Chinese growth and euro-zone stability lingered.
Gold for August delivery, the most active contract, added $11.90 to $1,226.90 an ounce on the Comex division of the New York Mercantile Exchange.
Silver for July delivery also rose to $18.55 an ounce from $18.42 previously.
