New Delhi, Mumbai: Scaling a new peak, gold prices today touched all-time record of Rs 31,400 per 10 grams in the bullion market here on strong cues from global markets.
Traders said gold registered gains for the seventh trading session in a row, rising by Rs 100, on sustained buying by stockists amid rally in overseas market. The investors were also seen shifting funds from melting equities to firming bullion, they added.
The metal has gained Rs 860 in last six trading sessions. However, silver lacked necessary buying support and declined by Rs 100 to Rs 57,700 per kg.
In global markets, gold rose to a four-month high on speculation that central banks from the US to China will act to spur economic growth and investment holdings in the metal climbed to record, supporting its rally here.
