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Friday, December 2, 2011

Gold hits new high at Rs 29,490 on Friday 2nd November 2011 due to seasonal season demand

Gold hits new high at Rs 29,490 on Friday 2nd November 2011 due to seasonal season demand 


Gold bars and jewellery are displayed in a shop in Bangkok

Gold climbed a new peak on Friday by rising Rs 50 to Rs 29,490 per 10 grams on sustained buying by stockists to meet the ongoing marriage season demand amid a firming global trend.

The precious metal has surpassed its previous record of Rs 29,440 per 10 grams set on November 30.

Silver followed suit and surged by Rs 1,050 to Rs 56,950 per kg on increased offtake by industrial units and jewellery makers, amid a similar firming trend in the Asian region.

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