Gold prices continued their recording breaking spree and hit fresh lifetime highs at the bullion market on Monday on sustained off-take from investors and stockists ignoring bearish trend in international markets.
In contrast, silver eased further on consistent speculative profit-taking amidst subdued industrial demand.
Standard gold (99.5 purity) rose by Rs 65 to close at Rs 30,100 per 10 gm from last Saturday’s closing level of Rs 30,035.
Pure gold (99.9 purity) also went up by a similar margin to finish at Rs 30,240 per 10 gm from Rs 30,175 previously.
However, silver ready (.999 fineness) declined by Rs 55 per kg to end at Rs 55,060 as against Rs 55,115 last weekend.
In Europe, gold was trading down, though recovering from early losses, as demand for higher risk asset slowed down with focus shifting from victory of pro-bailout parties in Greek elections to Spanish banking problems amidst concerns over the euro-zone debt crisis.
Spot gold was bid lower at USD 1,624.04 an ounce in early trade and silver was also bid down at USD 28.56 an ounce.
