An all time high for gold

Gold roared to an all time high of Rs 23,620 per 10 grams by adding Rs 200 in the national capital today on increased buying by stockiest and investors, driven by a record rally in global markets.

Silver moved up by Rs 500 to Rs 59500 Gold marched to a record of $1,624.30 an ounce by adding 1.4 per cent overseas, after US lawmakers failed to reach an agreement on raising the federal debt limit, increasing concerns of a US default and boosting demand for the metal.

In line with a general firming trend, silver ready rose by Rs 500 to Rs 59,500 per kg and weekly-based delivery gained Rs 805 to Rs 60,270 per kg.

Source: http://www.rediff.com/business