Gold opens at all time high on Bullish advice

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Bullion
Mumbai, Jan 29: Gold recorded an all time high of Rs 11,825 per ten gm while Silver also zoomed to Rs 21,060 per kg today, as gold rose by Rs 115 per ten gm and silver by Rs 180 per kg on better buying support, in the opening trading session at the Bombay Bullion market.

Spot gold also rose to USD 928.00/929.00 an ounce from USD 927.50/928.20 in New York on supply concern as well as expectations that the US Federal Reserve would cut interest rates aggressively to boost the US economy. Following are the opening rates of spot silver and gold in the Bombay Bullion Market today: Silver (per kg) 999 fineness grade : Rs 21,060 Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 11,825 Gold 99.9 purity pure gold : Rs 11,880.


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