Gold scales fresh peak of Rs 12,520; Silver zooms

Mumbai, Feb 29 (UNI) Gold today scaled a fresh peak of Rs 12,520 per ten gm and Silver also crossed the 24K mark per kg for the first time in the domestic market on bullish global advice in the closing session, traders at the Bombay Bullion Association (BBA) said.

The yellow metal surged by Rs 195 and the white metal by Rs 440 per kg in a single day.

Following are the closing rates of spot silver and gold: Silver (per kg) 999 fines grade : Rs 24,095 (23,655) Gold (per 10 gm) Gold 99.5 purity standard mint : Rs 12,520 (12,325) Gold 99.9 purity pure gold : Rs 12,575 (12,375).

UNI NV SR VKG1810