Gold maintains record level of Rs. 18,810

Gold prices maintained their record level of Rs 18,810 per ten grams in the national capital on Thursday on restricted buying activity.

The price of silver, on the other hand, rose further by Rs. 150 to Rs. 29,700 per kg on sustained buying by industrial units and jewellery fabricators.

Marketmen said restricted buying activity at the existing rates kept gold prices stable at yesterday’s record level.

Standard gold and ornaments were being traded at the record price of Rs 18,810 and Rs 18,660 per ten grams respectively.

However, sovereigns lost Rs. 50 to Rs. 4,550 per piece of eight grams on lack of buying support.

Silver ready remained in demand and advanced further by Rs. 150 to Rs. 29,700 per kg, while weekly-based delivery rose by Rs. 80 to Rs. 29,280 per kg.

Meanwhile, silver coins continued to be traded at around the previous level of Rs. 34,500 for buying and Rs. 34,600 for selling of 100 pieces.