Gold in a new peek of Rs. 28,230 per 10 grams

Gold in new peek of Rs. 28,230 per 10 grams

Gold price in a new peek of Rs 28,230 per 10 grams increased Rs 80 on sustained buying by stockists and investors amid firm global trend.

Trading trends remained bullish as gold rose to a record, above 1,880 dollar an ounce in New York, rallying on concern over altering US economy and deepening European sovereign debt crisis.

On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs 80 to set fresh peak of Rs 28,230 and Rs 28,080 per ten grams respectively.
Sovereign held steady at Rs 22,400 per piece of eight gram.
Silver ready spurted by Rs 3,500 to Rs 66,300 per kg and weekly-based delivery by Rs 3,795 to Rs 66,485 per kg.
Silver coins surged by Rs 4,000 to Rs 73,500 for buying and Rs 74,500 for selling of 100 pieces.