Gold prices rallied to scale fresh all-highs at the domestic bullion market today on persistent buying by investors and stockists,sparked by the bullish cues in overseas markets. Silver also zoomed on consistent speculative off-take amidst heavy industrial demand. Standard gold (99.5 purity) surged to a record by Rs 235 to close at Rs 30,515 per 10 grams from Wednesday's level of Rs 30,280. Pure gold (99.9 purity) vaulted by Rs 230 to conclude at Rs 30,650 per 10 grams from Rs 30,420 previously. "The yellow metal is rallying purely on the back of encouraging global buoyancy," traders said. Silver ready (.999 fineness) shot up by Rs 1,070 per kg to finish at Rs 57,510 as against Rs 56,440 yesterday. In New York,gold surged minutes after unexpected nod for further stimulus from US Federal Reserve's policy meeting to boost the world's largest economy. Gold for December delivery jumped by USD 25 to USD 1,665.90 an ounce on the Comex division of the NYMEX late yesterday. Silver for September contract rose 63 cents to USD 30.18 an ounce.
