Business & Economy

Gold ends at Rs 28,210 per 10 gm, all-time-high

United News of India

Mumbai, September 21, 2011

Gold rose today by Rs 395 to a new record peak of Rs 28,210 per ten gm and silver zoomed up by Rs 1,420 to Rs 64,790 per kg, a two-week-high, on speculative demand from industrial users amidst strong global cues, traders at the Bombay Bullion Association (BBA) said.

Gold moved up by Rs 270 per ten gm in the opening sesssion and remained positive intra-day before closing at Rs 28,210 per ten gm, an all-time high, on encouraging advices from global markets. Pure variety also rallied by Rs 395 to Rs 28,345 per ten gm.

Gold had earlier touched a high of Rs 28,170 on September 6.

Silver rose by Rs 960 per kg in the opening session and continued to gain further throughout the day and ended positive at Rs 64,790 per kg, with a gain of Rs 1,420.

In the global markets like London, the precious metals rose as gold increased to $ 17.99 per ounce and silver to $ 39.90 per ounce.

Following are the closing rates of spot silver and gold:

     Silver (per kg) Rs 64,790 (Rs 63,370)

     Gold 99.5 stanard mint Rs 28,210 (Rs 27,815)

     Gold 99.9 pure gold Rs 28,345 (Rs 27,950)