Markets

Gold hits record high of Rs. 21,000

The prices of 99.9 per cent purity gold shot up by Rs. 200 to Rs. 21,020 per 10 grams on Wednesday. File Photo: K. Ananthan  

The gold price on Wednesday crossed the all-time high level of Rs. 21,000 per 10 grams in the national capital, with demand from jewellers drastically picking up amid a busy marriage season.

Silver spurted to the record high level of Rs. 43,950 per kg, as demand from industrial units and coin makers went up.

The prices of 99.9 per cent purity gold shot up by Rs. 200 to Rs. 21,020 per 10 grams, as stockists and jewellers created fresh positions to meet the current marriage season demand, traders said.

Prices of 99.5 per cent purity gold rose by Rs. 210 to Rs. 20,910 per 10 grams. Sovereign was up by Rs. 100 to Rs. 16,700 per piece of eight grams.

Prices of silver ready spurted by Rs. 1,600 to Rs. 43,950 per kg and weekly-based delivery by Rs. 1,750 to Rs. 43,450 per kg.

Silver coins also rose by Rs. 300 to all-time high of Rs. 46,500 for buying and Rs. 46,600 for selling of 100 pieces.

The sentiment was further boosted by a firm trend in the international markets on concern that the European debt crisis may escalate, increasing demand for haven investments.

Gold prices in the Asian region, which normally sets the price trend on the domestic front, climbed 0.6 per cent to $1,394.25 an ounce, the highest level since November 12.

The silver prices gained by 0.8 per cent to $28.29 an ounce.



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Printable version | May 16, 2021 8:04:43 PM | https://www.thehindu.com/business/markets/Gold-hits-record-high-of-Rs.-21000/article15576531.ece

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