Gold crosses Rs 22,000 mark, silver shines bright at Rs 66,300

Gold crossed the psychological Rs 22,000 mark today on aggressive buying by stockists, amid a rising global trend. It rose by Rs 115 to Rs 22,060 per 10 gms. Silver also climbed to a new high and rose by Rs 1,850 to Rs 66,300 a kg on rising demand from industrial units.

Silver coins followed suit and shot up by Rs 1,500 to a record high of Rs 72,000 for buying and Rs 72,500 for selling of 100 pieces.

Trading sentiments remained bullish as gold extended its record-making rally to top $1,500 an ounce in global markets as dollar fell on mounting debt in Europe and the US, prompting investors to seek bullion as a store of value. In international markets, gold climbed 0.3 per cent to $1,500.43 an ounce and silver jumped 0.9 per cent to a 31-year peak of $44.35 an ounce.

Besides, retail customers and jewellers buying for the coming marriage season further fuelled the uptrend.