Maintaining its upward journey, silver surged by Rs. 350 to a new peak of Rs. 32,800 per kg in the national capital today on hectic buying by stockists, driven by a bullish trend in global markets.

In line with the general firming trend, gold rebounded by Rs. 90 to Rs. 19,440 per 10 grams on fresh buying by jewellers for the festive and marriage season amid firm global cues.

Silver, which has been on a record-setting spree over the past one week, added Rs. 350 to reach Rs. 32,800 per kg on hectic buying by industrial units and coin manufacturers.

The trading sentiment was extremely buoyant after gold surged to a record high in global markets as dollar weakness spurred demand for the precious metal as an investment haven.

In global markets, which normally set the price trend on the domestic front, silver touched a fresh 30-month high of $ 20.95 an ounce, its highest level since May, 2008.

Similarly, gold advanced by 0.4 per cent to a record high of $ 1,280.80 per 10 grams.

Silver ready remained in demand and surged further by Rs. 350 to Rs. 32,800 per kg, a level never seen before. Silver weekly-based delivery jumped up by Rs. 410 to an all-time high of Rs. 32,435 per kg. Silver coins also gained Rs. 200 to Rs. 35,200 for buying and Rs. 35,300 for selling of 100 pieces.

Gold of 99.9 and 99.5 per cent purity rebounded by Rs. 90 each to Rs. 19,440 and Rs. 19,340 per 10 grams, respectively.

The precious metal had lost Rs. 150 in the previous trading session.

However, sovereigns remained flat at Rs. 15,200 per piece of eight grams in restricted trade.

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