Gold hits a record Rs23,175 per 10 gm
30 Apr 2011
Gold prices surged to a record Rs23,175 per 10 gram in the national capital, ahead of the festive buying day of `'Akshya Tritya', gaining from the strength of overseas markets where the yellow metal saw fresh gains on speculative buying.
Gold spurted by Rs655 to an all-time high of Rs23,175 per 10 grams on the local market while spot gold in the international markets, rose to a record $1,570.60 an ounce.
The price spike comes amidst hectic buying by stockists and retail customers, which boosted market sentiment further.
Silver, however, lost support at the high levels and ended Rs500 down at Rs71,500 a kg.
Gold 99.9 and 99.5 purity rose Rs655 each to record highs of Rs23,175 and Rs23,055 per 10 gram, respectively while sovereign rose Rs100 to Rs18,500 per piece of eight gram.
Silver, however, registered a moderate loss on profit-taking by dealers at existing higher levels and closed at Rs71,000 a kg, down Rs500 from the previous day.