Surpassing earlier records gold prices touched a new peak at the bullion market here today on frantic buying by stockists and speculators on the back of bullish trend in overseas market.
The white metal, silver, also continued its record breaking spree on the fourth consecutive day, touching another milestone of Rs 43,000-mark due to highly speculative buying amidst continued industrial support.
Standard gold (99.5 per cent purity) soared by Rs 270 per 10 grams to end at Rs 20,505 from overnight closing level of Rs 20,235.
Pure gold (99.9 per cent purity) hardened by Rs 275 per 10 grams to finish at Rs 20,610, as against Rs 20,335 previously.
Silver ready (.999 fineness) rose by Rs 230 per kg to conclude at Rs 42,955 from Tuesday's closing level of Rs 42,725.
In New York, gold for December delivery jumped USD 19.80 to USD 1,377.60 an ounce on the Comex division of the NYMEX yesterday.
Silver for December delivery gained by 11 cents to USD 27.57 an ounce.
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