MUMBAI: Standard Gold crossed 18K-mark while Silver pierced through 30K-level for the first time in the history on the bullion market during
morning deals on the back of hectic stockists buying on firm New York advices.
Good industrial demand also helped silver to surge sharply.
In New York yesterday gold futures climbed to a fresh record above $ 1,200 an ounce following weak dollar. A sustained decline in dollar mainly compelled traders to go for this metal as a safe investment.
Gold for December delivery rose to $ 1,202.70 an ounce in intra-trade before ending at $ 1,199.10. December silver rose 68.5 cents or 3.7 per cent to $ 19.18 an ounce.
Turning to domestic market, standard gold (99.5 purity) shot up by Rs 275 per ten grams to resume at Rs 18,225 from its overnight close of Rs 17,950.
Pure gold (99.9 purity) too spurted to Rs 18,305 from its last close of Rs 18,040.
Silver ready (.999 fineness) flared up by a whopping Rs 820 per kilo to Rs 30,270 from Rs 29,450 yesterday.
