Gold continues to shine

Latest Economic News Headlines


New Delhi: Gold continues to shine since past three weeks because of its upward swing in the international market. Today, gold set a new all-time record of Rs 31,980 per 10 grams as per the rates in New Delhi.

This is the third time in two weeks, that gold is glittering a record high and suddenly increased by Rs 130 to Rs 31,980 per 10 grams. Stockists are buying the gold as marriage season is coming near. Another reason is that many investors are transferring their funds to gold.

Domestic market’s gold prices were supported by firm global trend as global traders awaited the result of European Central Bank’s meeting which was supposed to counter deepening the euro-zone debt crisis. That’s why demand for gold raised instantly.

On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs 130 each to set a new peak level of Rs 31,980 and Rs 31,780 per 10 grams, respectively. The metal had gained 240 yesterday. Sovereigns followed suit and climbed by Rs 100 to Rs 25,050 per piece of eight grams.

Gold Bars

Gold Bars

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