New Delhi: After breaching the crucial 12,000 mark yesterday, gold prices surged further to set a new record of Rs 12,215 per 10 gram in the bullion market here today. Run-up to Budget 2008-09
A similar trend was also noticed in silver prices as it touched 27-year high.
Marketmen said there was no physical buying in gold prices at existing higher levels but surging trend in global markets as crude oil reaching dizzy heights raised the concerns of inflation and boosted the demand for gold.
The yellow metal reached to record at $949.20 last night on the New York Mercantile Exchange and silver gained to $17.94 an ounce, the highest since 1980, they added.
Standard gold and ornaments notched up further gain of Rs 175 each to Rs 12,215 and Rs 12,065 per 10 grams respectively. Sovereign followed suit and shot up to Rs 9,700 per piece of eight gram, a level never seen before.
In the silver section, silver ready rose further by Rs 160 at Rs 22,000 per kg on firming global trend and weekly-based delivery jumped up by Rs 400 at Rs 22,840 per kg.
Silver coins rose by Rs 100 at Rs 26,200 for buying and Rs 26,300 for selling of 100 coins.
A similar trend was also noticed in silver prices as it touched 27-year high.
Marketmen said there was no physical buying in gold prices at existing higher levels but surging trend in global markets as crude oil reaching dizzy heights raised the concerns of inflation and boosted the demand for gold.
The yellow metal reached to record at $949.20 last night on the New York Mercantile Exchange and silver gained to $17.94 an ounce, the highest since 1980, they added.
Standard gold and ornaments notched up further gain of Rs 175 each to Rs 12,215 and Rs 12,065 per 10 grams respectively. Sovereign followed suit and shot up to Rs 9,700 per piece of eight gram, a level never seen before.
In the silver section, silver ready rose further by Rs 160 at Rs 22,000 per kg on firming global trend and weekly-based delivery jumped up by Rs 400 at Rs 22,840 per kg.
Silver coins rose by Rs 100 at Rs 26,200 for buying and Rs 26,300 for selling of 100 coins.
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