Gold maintains peak level at Rs 13,200 per 10 gms
Standard gold and ornaments trades at last levels of Rs 13,200 and Rs 13,050 per 10 gram respectively. Sovereign was higher by Rs 50 to set new record high levels of Rs 10,150 per piece of 8 gm.business Updated: Mar 15, 2008 17:00 IST
New Delhi, Mar 15 (PTI) A firming global trend maintained gold prices to record high levels of Rs 13,200 per 10 grams on the bullion market today on sustained scattered small buying activities.
Marketmen said buying activity picked up after reports of the precious metal in the US markets surged to an all-time high of Rs 1,005 dollar an ounce.
Stockists indulged in enlarging their positions as melting stocks, falling dollar and crude rising to record high levels left no other option to invest.
The steep fall in dollar against other leading currencies and crude oil rising to 111 dollar an ounce mainly raised concerns of inflation all over the world and made the gold more dear among stockists and other actual consumers like jewellery fabricators.
Standard gold and ornaments traded at last levels of Rs 13,200 and Rs 13,050 per 10 gram respectively. Sovereign was higher by Rs 50 to set new record high levels of Rs 10,150 per piece of eight gram.
Silver ready, on the other hand declined by Rs.250 at Rs 24,750 per kilo while weekly-based delivery rose by Rs.125 at Rs.26,740 per kilo as speculators extended support on expectations that the prices might go further high.
Silver coins declined by Rs.100 at Rs.26,900 for buying and Rs.27,000 for selling of 100 pieces.