Gold sprints to breach Rs 21 k mark, silver hits Rs 54 k milestone

Gold surpassed all its record highs and breached the Rs 21,000 per ten grams mark at the bullion market here today on hectic trading by stockists and investment-driven buying triggered by bullish trend at the global level. 

Relentless rally on the back of speculative demand and strong industrial support pushed silver above another milestone of Rs 54,000 per kg.

Standard gold (99.5 purity) rallied by Rs 135 per 10 grams to close at Rs 21,125 from last Saturday's closing level of Rs 20,990.   

Pure gold (99.9 purity) hardened by Rs 125 per 10 grams to end at Rs 21,225 as compared to Rs 21,100 previously. Silver ready (.999 fineness) jumped by a hefty Rs 1,370 per kg to finish at Rs 54,970 from Rs 53,600 last weekend. 

In overseas trade, precious metals continued their upward journey on concerns over escalating unrest in the West Asia and North Africa.

Gold scaled record peak, while silver touched three decades high.

In Europe, spot gold was bid at $1,437.15 an ounce in early trade against $1,431.95 late in New York on Friday. Silver was bid at $36.40 an ounce from $35.61 previously.