Gold, silver scale new highs

Nov 25, 2010 |

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Mumbai, Nov. 24: Surpassing earlier records, gold prices touched a new peak at the bullion market on Wednesday on frantic buying by stockists and speculators on the back of the bullish trend in overseas market.

The white metal — silver, — also continued its record breaking spree on the fourth consecutive day, touching another milestone of `43,000-mark due to highly speculative buying amidst continued industrial support.

Standard gold (99.5 per cent purity) soared by `270 per 10 grams to end at `20,505 from overnight closing level of `20,235.

Pure gold (99.9 per cent purity) hardened by `275 per 10 grams to finish at `20,610, as against `20,335 previously.

Silver ready (.999 fineness) surged by `230 per kg to conclude at `42,955 from the Tuesday’s closing level of `42,725.

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