Gold Sets New Record of 
30,400 on Strong Global Cues
New Delhi: Gold on hit a fresh all-time high by adding 
200 to 30,400 per 10 grams on brisk buying by stockists triggered by a firming global trend.
The precious metal had hit an all time high of 30,300 on Saturday.
Silver followed suit, and shot up by 1,200 to 55,500 per kg on increased offtake by industrial units and coin makers.
Traders said the trading sentiment bolstered as gold rose to a four-week high in London on weaker dollar after officials from the worlds leading economies said they will collaborate to respond to Europes crisis, boosting demand for metal as an alternate investment.
In London, gold rose by 1.3 per cent to $1,637.40 an ounce, the highest since May 8 and silver by 2.7 per cent to 29.31 dollar an ounce, the highest since May 10.
Besides, stockists buying ahead of the marriage season from June 16 further fuelled the uptrend.
On the domestic front, gold of 99.9 and 99.5 per cent purity rose by 200 (rpt) 200 each to set an all-time high levels of 30,400 and 30,200 per 10 grams, respectively. Sovereigns rose by 150 to 24,250 per piece of eight grams.
Similarly, silver ready spurted by 1,200 to 55,500 per kg and weekly-based delivery by 1,090 to 55,170 per kg. Silver coins also jumped up by 3,000 to 67,000 for buying and 68,000 for selling of 100 pieces.
Source: PTI
200 to 30,400 per 10 grams on brisk buying by stockists triggered by a firming global trend.
The precious metal had hit an all time high of 30,300 on Saturday.
Silver followed suit, and shot up by 1,200 to 55,500 per kg on increased offtake by industrial units and coin makers.
Traders said the trading sentiment bolstered as gold rose to a four-week high in London on weaker dollar after officials from the worlds leading economies said they will collaborate to respond to Europes crisis, boosting demand for metal as an alternate investment.
In London, gold rose by 1.3 per cent to $1,637.40 an ounce, the highest since May 8 and silver by 2.7 per cent to 29.31 dollar an ounce, the highest since May 10.
Besides, stockists buying ahead of the marriage season from June 16 further fuelled the uptrend.
On the domestic front, gold of 99.9 and 99.5 per cent purity rose by 200 (rpt) 200 each to set an all-time high levels of 30,400 and 30,200 per 10 grams, respectively. Sovereigns rose by 150 to 24,250 per piece of eight grams.
Similarly, silver ready spurted by 1,200 to 55,500 per kg and weekly-based delivery by 1,090 to 55,170 per kg. Silver coins also jumped up by 3,000 to 67,000 for buying and 68,000 for selling of 100 pieces.
