PT: Gold prices skyrocket by Rs 495 to five-month high
New Delhi, May 7 (PTI) Gold prices today spurted by Rs 495 to regain the Rs 18,000 per ten gram level after five months on heavy buying driven by a rally in overseas markets.
Standard gold surged by Rs 495 to Rs 18,110 per ten gram, a level last seen on November 26, 2009.
Silver also jumped Rs 565 to Rs 28,165 per kg on increased offtake by industrial units and coin makers.
Marketmen said trading sentiment remained firm as gold climbed in overseas markets on stronger demand for the alternative investment as currencies weakened and equities dropped.
Gold in global markets, which normally set the price trend on the domestic front, recorded a handsome rally of 33.20 dollars to 1,208.80 dollars an ounce last evening.
