Surpassing all previous records gold on Wednesday touched another historic peak of Rs 18000 per 10 gm in the bullion Market. This risen attributed to the persistent buying by stockist for the ongoing marriage season amid firming global cues.
Standard gold and ornaments rose by Rs 220 each to Rs 18000 and Rs 17850 per 10 gm respectively. Sovereign also rose by Rs 100 to set a new peak of Rs 13800 per piece of eight gram.
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Marketmen said firming trend in the overseas market supported the rise in yellow metal. Gold in Asia traded 0.8 percent higher at $1179.20 an ounce. While in future trading in New York the metal surged to record $1181.60 an ounce.
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