Gold hit to an all-time high of Rs 29,590 per 10 grams following the brisk buying by stockists. The brisk buying was sustained buying by jewelers so that they could meet the marriage season demand as soon as possible.
The precious metal had already gained Rs 650 in its last eight trading sessions and was advanced further by Rs 50 to Rs 29,590 per 10 grams. This level was never seen before after the consumption of the precious metal. But as per the trade gurus the demand rose for the ongoing marriage season. Even in London gold gained 0.1% to $1,665.23 an ounce
Gold breaks record price at Rs 29,590 per 10g
Reviewed by BARI.0492
on
September 05, 2012
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