15 April 2011

Gold at all-time high of Rs 21,710

Both silver and gold set new records on the bullion market today on hectic buying by stockists for the upcoming marriage season amid firm global cues.

While silver spurted by Rs 2,700 to a new high of Rs 63,200 per kg, gold gained Rs 280 to touch an all-time high of Rs 21,710 per 10 grams.

Trading sentiment turned extremely bullish as gold and silver soared to a record levels in 31 years in global markets as inflation in China accelerated underscoring the challenge that central bankers worldwide face in combating rising prices. Read more

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