Both the precious metals surpassed all previous records to hit new highs today. While gold surged Rs 200 to Rs 21,420 per 10 grams on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues, reports PTI.
Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya, surging crude oil prices and shifting of funds from weak stock markets to bullion on the domestic front.
Globally, gold gained 0.5% to USD 1,437.85 and silver increased 2.3% to USD 36.40 an ounce, the highest level since February, 1980.
Traders said firm trends at futures market also influenced the trading sentiment to some extent. For FREE mcx Tips
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