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Journalism of Courage
Continuing its record-breaking spree,silver price hit a new milestone of Rs 69,410 a kilo at the bullion market here today on heavy speculative build-up and rising industrial buying triggered by uninterrupted overseas rally.
Gold price also marched ahead to climb new peaks on persistent buying from stockists and firm jewellery off-take.
Silver ready (.999 fineness) jumped by a hefty Rs 2,230 per kg to end at Rs 69,410 from Wednesday’s closing level of Rs 67,180.
Standard gold (99.5 purity) rose by Rs 40 per 10 grams to finish at Rs 21,760 from Rs 21,720 previously.
Pure gold (99.9 purity) added by Rs 35 per 10 grams to conclude at Rs 21,860 as compared to Rs 21,825 yesterday.
In international market,gold and silver prices continued to soar on the back of dollar falling to three-year low against basket currencies amidst rising oil prices.
In Europe,spot gold was bid at USD 1,506.80 an ounce in early trade as against USD 1,498.15 late in New York yesterday. US gold future for June delivery strengthened by USD 8.90 an ounce to USD 1,507.80.
Silver was bid at USD 46.21 an ounce as compared to USD 45.20.
