Gold, silver hit new highs
Gold, silver hit new highs
Mumbai: Continuing its record-breaking spree, silver hit a new milestone of ₹ 69,410 per kg in Mumbai on Thursday on heavy speculative build-up and rising industrial buying, triggered by uninterrupted overseas rally.
Gold also marched ahead to climb new peak on persistent buying from stockists.
Silver ready (.999 fineness) jumped by a hefty ₹ 2,230 per kg to close at ₹ 69,410 from Wednesday’s closing level of ₹ 67,180.
Standard gold (99.5 purity) rose by ₹ 40 per 10 gram to finish at ₹ 21,760 from ₹ 21,720 on Wednesday. Pure gold (99.9 purity) added ₹ 35 per 10 gram to close at ₹ 21,860 compared with ₹ 21,825 on Wednesday.
In international market, gold and silver prices continued to soar on the back of dollar falling to a three-year low against the basket of currencies amidst rising oil prices.
In Europe, spot gold was bid at $1,506.80 an ounce in early trade as against $1,498.15 late in New York on Wednesday. US gold future for June delivery strengthened by $8.9 an ounce to $1,507.80.
Silver was bid at $46.21 an ounce as compared with $45.20.
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