Gold regains record high on firm global cues

September 30, 2010 03:51 pm | Updated 03:58 pm IST - New Delhi

Gold regained its record high after a gap of two weeks by adding Rs. 30 to Rs. 19,500 per ten grams in the national capital today on stockist buying influenced by a firm trend overseas.

Gold remained in demand following a sharp surge in its prices in the international markets by climbing to an all-time high of USD 1,313.45 an ounce.

However, silver retreated from its record high on profit-booking at existing higher levels.

Gold of 99.9 and 99.5 per cent purity advanced further by Rs. 30 each to Rs. 19,500 and Rs. 19,400 per ten grams, respectively, a level last seen on September 15.

Sovereign also rose by Rs. 50 to hit a record high of Rs. 15,400 per piece of eight grams.

On the other hand, silver ready lacked necessary support amid profit-booking and lost Rs. 50 to Rs. 33,700 per kg but weekly-based demand remained firm and gained Rs. 50 to Rs. 33,220 per kg on speculative buying.

Silver had touched an all-time high of Rs. 33,750 per kg in the previous session.

Silver coins remained steady at Rs. 35,400 for buying and Rs. 35,500 for selling of 100 pieces.

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