Gold peaks at Rs21,050/10gm; silver touches 30-yr record

Gold peaks at Rs21,050/10gm; silver touches 30-yr record

New Delhi: Gold prices rose to an all-time high of Rs21,050 per 10 gram here on Tuesday, on brisk buying for the ongoing marriage season amid firming global trend.

Silver also climbed a new peak at Rs45,500 per kg on rising demand from industrial units and coin makers.

Trading activity gathered momentum after gold in global markets, which normally set a price trend at the domestic front, rose to a record-high of $1,428.70 an ounce. Silver, too, was at 30-year high of $30.32 an ounce.

Market sentiment was upbeat on retailers and jewellers buying to accommodate the current marriage season demand.

The gold of 99.9 and 99.5 % gained by Rs50 each to Rs21,050 and Rs20,930 per 10 grams, respectively. Sovereign followed suit and went up by Rs50 to record level of Rs16,800 per piece of 8 grams.

Silver ready, too, in line with the general firming trend, became expensive by

Rs300 at the new record of Rs45,500 per kg, followed by weekly-based delivery, which gained by Rs165 at Rs44,980 per kg.

Meanwhile, Silver coins maintained their record levels at Rs49,000 for buying and Rs49,100 for selling of 100 pieces.