Trade with Commodities: Gold resumes at an all-time high of Rs 13,495

Monday, March 17, 2008

Gold resumes at an all-time high of Rs 13,495

MUMBAI: Gold prices resumed to an all-time high of Rs 13,495 on the bullion market here on Monday on persistent stockists buying in view of current marriage season coupled with higher Hong Kong advices.

Silver also shot up to an all-time peak of Rs 25,770 per kilo in line with gold prices.

Gold prices in Hong Kong resumed sharply higher at $1021.60/1022.30 per ounce as against the last weekend's level of $990.70/991.40 per ounce.

Turning to the local market, standard gold (99.5 purity) shot up by Rs 385 per ten grams to Rs 13,495 from the last weekend's level of Rs 13,110 and pure gold (99.9 purity) also firmed up to Rs 13,555 from Rs 13,170.

Silver ready (.999 fineness) shot up to Rs 25,770 from Rs 25,225 previously, showing a rise of Rs 545 per kilo.