Taking positive cues from the global markets, gold added Rs. 200 to touch a new peak of Rs. 23,470 per 10 grams on Tuesday on heavy buying by stockists and investors.
The yellow metal crossed its last record level of Rs. 23,270 set on July 16 this year.
Similarly, silver maintained its upward journey for the third consecutive day by adding Rs. 1,500 to Rs. 59,500 per kg, on increased offtake by industrial units and coin makers.
Silver coins also followed suit and spurted by Rs. 2,000 to Rs. 65,000 for buying and Rs. 66,000 for selling of 100 pieces.
Trading sentiments bolstered as gold crossed the $1600 an ounce level overseas for the first time on concerns about U.S. and Europe debt crisis.
Gold shot up by $11 to $1,605.10 an ounce, while silver added 3.26 per cent to $40.55 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity zoomed up by Rs. 200 each to a fresh high of Rs. 23,470 and Rs. 23,350 per 10 grams, respectively.
Sovereigns followed suit and rose by Rs. 50 to a record high of Rs. 18,900 per piece of eight grams.
Silver ready moved further up by adding Rs. 1,500 to Rs. 59,500 per kg. It has gained Rs. 1,500 in last two trading sessions.
Silver weekly-based delivery also shot up by Rs. 1,245 to Rs. 60,600 per kg.