Gold rose 30 rupees, to a record 22,090 rupees per ten grams at Delhi's bullion market, today. Silver surged 1,400 rupees, to another all-time high of 70,000 rupees per kilo, on sustained buying by stockists amid a rally, overseas. Silver coins climbed 1,000 rupees, to a new record of 75,000 rupees for buying, and 76,000 rupees for selling of 100 pieces. Overseas, spot gold hit a record for the sixth consecutive session, surging to a fresh lifetime high above 1,512 dollars an ounce. Gold rose on a weak dollar, and factors ranging from geopolitical uncertainty to inflation concerns. Spot silver hit 46.69 dollars an ounce, its highest since 1980, on course for a weekly rise of 8.4 percent, its biggest weekly increase in two months. Silver has gained 51 percent so far this year, and gold 6 percent. This compares with a corresponding 1 percent rise in the London Metal Exchange price of copper, the bellwether of the industrial metals complex.
News On AIR | April 22, 2011 5:20 PM
Gold rises to 22090 rupees per ten grams