Mumbai, Oct 8: Gold prices zoomed to an all time high of Rs 13,820, gaining Rs 350 today, even as Silver rose by Rs 485 to end at Rs 20,170 on speculative demand and bullish global advice, traders at the Bombay Bullion Association (BBA) said.
Due to the global meltdown, investors preferred a safe haven in precious metals due to the festival season as demand grew manifold with the yellow metal touching an all time high, BBA vice president Harmesh Arora said.
Standard and pure gold opened high at Rs 13,745 and Rs 13,810 per ten gm respectively on brisk buying support from stockists.
Later, standard and pure gold rallied by Rs 350 per ten gm each from its last close, on hectic buying by stockists along with higher global advice.
Standard mint and pure gold closed at Rs 13,820 and Rs 13,885 per ten gm.
Silver .999 variety opened high at Rs 19,940, on good demand from industrial users.
Later, it soared by Rs 485 and finished at Rs 20,170 per kg from its last close on speculative demand from jewellery makers.
In Asian and London markets, gold inched up to USD 910.00/911.50 per troy ounce from USD 882.00/882.25 per troy ounce from its last close and silver was recorded at USD 11.82/11.83 per troy ounce against USD 11.57/11.58 per troy ounce from its previous close, dealers said.
Following are the spot silver and gold closing prices: Silver (per kg) .999 grade: Rs 20,170 (19,685) Gold (per 10 gm): Standard mint 99.5 purity: Rs 13,820 (13,470) Pure gold 99.9 purity: Rs 13,885 (13,535)
