Gold hits new high on sustained demand

Gold prices continued their record breaking spree and hit fresh lifetime highs at the bullion market here 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.