Gold jumps Rs 450 to breach Rs 79,000-mark
PTI
Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 grams in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association.
The precious metal of 99.9% purity had closed at Rs 78,900 per 10 grams in the previous session on Wednesday. Rallying for the second straight day, gold of 99.5% climbed Rs 450 to hit another fresh high of Rs 78,950 per 10 grams. It had finished at Rs 78,500 per 10 grams.
However, silver remained flat at Rs 93,500 per kg.
Traders said increased buying by local jewellers to meet festive demand and a rally in the precious metal rates in the global markets mainly lifted gold prices to record high levels.
The precious metal of 99.9% purity had closed at Rs 78,900 per 10 grams in the previous session on Wednesday. Rallying for the second straight day, gold of 99.5% climbed Rs 450 to hit another fresh high of Rs 78,950 per 10 grams. It had finished at Rs 78,500 per 10 grams.
However, silver remained flat at Rs 93,500 per kg.
Traders said increased buying by local jewellers to meet festive demand and a rally in the precious metal rates in the global markets mainly lifted gold prices to record high levels.