Silver touches a new peak, gold firms up | business | Hindustan Times
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Silver touches a new peak, gold firms up

Silver prices surged further to touch a new record high at the bullion market in Mumbai today on persistent demand from the industrial users triggered by firm overseas markets.

business Updated: Jun 28, 2010 19:10 IST

Silver prices surged further to touch a new record high at the bullion market in Mumbai on Monday on persistent demand from the industrial users triggered by firm overseas markets.

Gold also firmed up on good buying by stockists and jewellers as well as local buying interest.

Silver ready (.999 fineness) shot up by Rs 140 per kilo to finish a historic high of Rs 30,385 from last Saturday's closing level of Rs 30,245.

Standard gold (99.5 purity) hardened by Rs 65 per ten grams to end at Rs 18,895 from Rs 18,830 previously.

Pure gold (99.9 purity) also rose by Rs 70 per ten gram to settle at Rs 18,985 as against Rs 18,915.

In Europe, silver was up by USD 19.11 an ounce from USD 19.04 late in New York on Friday.

Spot gold was gained USD 2.45 an ounce in early trade to USD 1,255.80 and US gold futures for August delivery rose by 70 cents to USD 1,256.90 an ounce.