Mumbai, September 15: Gold prices rallied further to scale a new all-time high at the bullion market here today on sustained demand from stockists and jewellers triggered by highly bullish overseas market.
The industrial metal, silver, also zoomed to hit yet another historic peak taking strength from global market.
Standard gold (99.5 purity) surged by Rs 165 per ten grams to close at Rs 19,185 from Tuesday’s closing level of Rs 19,020. It touched a high of Rs 19,195 in early trade.
Pure gold (99.9 purity) spurted by Rs 170 per ten grams to finish at Rs 19,280, as against Rs 19,110 previously. It scaled to a peak of Rs 19,285 in morning trade.
“Demand for the precious metal is increasing by the day as India is the largest consumer of gold.
–Agencies