Gold closes at all-time record high of Rs 11,355 per ten gm

Mumbai, Jan 11: Both the precious metals surged to record highs, with Gold going up sharply by Rs 215 per ten gm today to close at an all time high of Rs 11,355 and Silver zoomed to a nine week high of Rs 20, 625 per kg with a whopping gain of Rs 390 on bullish advice from global markets, traders at the Bombay Bullion Association (BBA) said.

Standard gold (99.5 purity) and pure gold (99.9) resumed upward at Rs 11,370 and Rs 11,420 per ten gm respectively on better buying support at the previous lower level from local dealers. Later, the yellow metal closed at an all time new peak at Rs 11,355 and Rs 11,405, gaining Rs 215 for standard gold and Rs 210 for pure gold from their last close.

Silver fineness (.999) variety opened high at Rs 20,650 per kg on good demand from retailers Later, it closed at a nine week high at Rs 20,625 per kg, gaining Rs 390 per kg from its last close.

In the overseas market, Gold hit a record high nearly at 900.00 per troy ounce, and later ranged at 888.50/900.25 per troy ounce against 874.25/876.00 per troy ounce the previous day even as Silver edged up at 15.99/16.03 per troy ounce, compared to its last close of 15.89/15.92 per troy ounce.

Following are spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 20,625 (20,235) Gold (per 10 gm) Standard mint 99.5 purity: Rs 11,355 (11,140) Pure gold 99.9 purity: Rs 11,405 (11,195).

UNI