Gold prices on Monday surged by R100 to all-time high of R32,950 per 10 gram on sustained demand from stockists and retailers to meet the rising requirements during the ongoing wedding season.
The previous record of gold price was R32,900, set on September 14. Silver also rose by R200 to Rs 63,200/kg on increased offtake by industrial units.
Silver ready strengthened by R200 to R63,200 per kg and weekly-based delivery by R340 to R63,860 per kg, respectively. Silver coins continued to be asked around previous level of R81,000 for buying and R82,000 for selling of 100 pieces.