Gold sets fresh peak on firming global trend

Gold sets fresh peak on firming global trend
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First Published: Fri, Jan 04 2008. 01 48 PM IST
Updated: Fri, Jan 04 2008. 01 48 PM IST
By PTI
New Delhi: Gold prices moved up by Rs10 to set a new peak of Rs11,030 per ten gram on the bullion market on 4 January, influenced by firming trend in international markets.
Marketmen said the overseas market failed to leave a complete impact here as the dollar lost further ground against leading currencies.
They said gold for February delivery on the Comex division of the New York Mercantile Exchange traded at $866.80 an ounce, after touching $872.90 on 3 January-- highest for the most-active contract since 21 January, 1980 when futures touched a record $873.
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First Published: Fri, Jan 04 2008. 01 48 PM IST
More Topics: Gold | Market | Overseas | Trend | Money Matters |