New Delhi, Nov 14: Gold touched a new all-time high level today by rising by Rs 30 to Rs 29,295 per 10 grams, driven by sustained buying by stockists and jewellers to meet the demand for the ongoing marriage season, amid a firming global trend.
Silver followed suit and gained Rs 150 to Rs 58,000 per kg on increased offtake by industrial units and jewellery makers.
Trading sentiments bolstered on heavy purchases by stockists and retailers for the ongoing marriage season and investor shifting their funds from weakening stocks to rising bullion.
The uptrend further supported by firming global trend after gold advance as a decline in the dollar after the appointment of new governments in Greece and Italy boosted demand for the metal as an alternative asset.
From: http://ping.fm/gDDEA
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