Gold ends at Rs 17,295 per 10 gm
 
Mumbai, Nov 20 (UNI) Gold zoomed to a fresh record high of Rs 17,295 per ten gm after gaining Rs 105 per ten gm today on the Bullion market on brisk demand from stockists along with encouraging global advice, traders at the Bombay Bullion Association (BBA) said.

Similarly, Silver too moved up by Rs 160 per kg to Rs 28,855.

Standard gold and pure gold opened at Rs 17,300 and Rs 17,390 per ten gm respectively, advancing by Rs 110 per ten gm each.

At the end of the day, standard gold and pure gold sparkled by Rs 105 and Rs 100 per ten gm, finishing at Rs 17,295 and Rs 17,380 per ten gm respectively.

Silver, after opening at Rs 28,955 per kg, closed in the green at Rs 28,855, surging by Rs 160 from its previous close on sustained demand from stockists.

Precious metals are flaring up following buying for current marriage season induced by positive global cues, traders said.

Becasue of volatile equity market, investors have found safe heaven in precious metals, they added.

A similar picture was seen in London and Asian markets as Gold was quoted at an all time high at USD 1138.00/1138.20 per troy ounce and Silver was recorded at USD 18.31/18.32 per troy ounce from its last finish, traders added.

Following are the closing rates of spot silver and gold: Silver (per kg).999 grade : Rs 28,855 (28,695) Gold (per 10 gm): Gold 99.5 purity Standard mint : Rs 17,295 (17,190) Gold 99.9 purity Pure gold : Rs 17,380 (17,280)

 

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