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New Delhi, Jan 30 (PTI) Gold prices today zoomed past all previous records to set a new peak at Rs 14,170 per 10 gram in the bullion market here on aggressive buying by stockists sparked by a firming overseas trend.
Trading sentiment turned extremely bullish after the gold in overseas markets surged to a three-month high as holdings in the world's biggest exchange-traded fund backed by bullion expanded to a record, signalling increased demand for the metal as a haven.
The gold trading volume on London's SPDR Gold Trust expanded by 1.3 per cent to a record 843.59 metric tons. The precious metal heading for a 4.6 per cent gain in January, its third monthly increase, after adding 18.13 dollar to 926.78 dollar an ounce.
The global trend which set prices in domestic markets here, pushed up standard gold and ornaments by Rs 320 each at an all-time high level of Rs 14,170 and Rs 14,020 per ten gram respectively. Sovereign rose by Rs 50 at Rs 11,050 per ten gram in brisk trading.
Silver joined the rally surging by Rs 300 at Rs 19,400 per kg and weekly-based delivery by Rs 420 at Rs 19,600 per kg. Silver coins surged by Rs 300 to Rs 27,800 for buying and Rs 19,600 for selling of 100 pieces.
A similar firmness was noticed in futures trading as gold shot up by 2.13 per cent to Rs 14,448 per ten gram on the Multi Commodity Exchange, a level never seen before. Silver for July month delivery rose by 4 per cent to Rs 20,310 per kg on the MCX. PTI
Trading sentiment turned extremely bullish after the gold in overseas markets surged to a three-month high as holdings in the world's biggest exchange-traded fund backed by bullion expanded to a record, signalling increased demand for the metal as a haven.
The gold trading volume on London's SPDR Gold Trust expanded by 1.3 per cent to a record 843.59 metric tons. The precious metal heading for a 4.6 per cent gain in January, its third monthly increase, after adding 18.13 dollar to 926.78 dollar an ounce.
The global trend which set prices in domestic markets here, pushed up standard gold and ornaments by Rs 320 each at an all-time high level of Rs 14,170 and Rs 14,020 per ten gram respectively. Sovereign rose by Rs 50 at Rs 11,050 per ten gram in brisk trading.
Silver joined the rally surging by Rs 300 at Rs 19,400 per kg and weekly-based delivery by Rs 420 at Rs 19,600 per kg. Silver coins surged by Rs 300 to Rs 27,800 for buying and Rs 19,600 for selling of 100 pieces.
A similar firmness was noticed in futures trading as gold shot up by 2.13 per cent to Rs 14,448 per ten gram on the Multi Commodity Exchange, a level never seen before. Silver for July month delivery rose by 4 per cent to Rs 20,310 per kg on the MCX. PTI
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