Gold registers all time high of Rs 11,890 per ten gm

Mumbai, Feb 1 (UNI) Both the precious metals today zoomed to record-breaking highs on bullish global advice with standard Gold closing at a new peak of Rs 11,890 per ten gm, gaining by Rs 105, and Silver registered a 26 week high of Rs 21,300 per kg, up by Rs 205, traders at the Bombay Bullion Association (BBA) said.

Silver fineness (.999) purity opened upward at Rs 21,175 per kg on better buying support. Later, it closed at Rs 21,300 per kg with a smart gain of Rs 205 per kg.

In the last two days, Silver has shot up up by Rs 280 per kg.

In the London market, silver inched up to 16.85/16.86 per troy ounce, compared to its last close of 16.78/16.79 per troy ounce because of brisk buying.

Standard gold (99.5 purity) and pure gold (99.9) opened high at Rs 11,800 and Rs 11,850 per ten gm respectively on improved demand.

Later, the yellow metal shot up and closed at Rs 11,890 and Rs 11,940 with a gain of Rs 105 for standard gold and Rs 100 for pure gold from their last close.

In the overseas market, gold inched up to 924.00/925.00 per troy ounce against 922.00/922.50 per troy ounce, traders said.

Following are spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 21,300 (21,095) Gold (per 10 gm) Standard mint 99.5 purity: Rs 11,890 (11,785) Pure gold 99.9 purity: Rs 11,940 (11,840).

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