Silver at all-time high, gold slips despite overseas rally

Silver prices soared to an all-time high of Rs 33,175 per kg in the national capital today on brisk buying by stockists in line with a firming global trend.

The white metal gained by Rs 175 in domestic markets after it rallied to a 30-year record level in global markets, seeking alternative to a depreciating dollar.

However gold, despite the bullish sentiment abroad, faced resistance from buyers in domestic market and fell by Rs 65 to Rs 19,400 per ten grams.

Globally, silver climbed to three-decade high of $21.48 an ounce, last witnessed in October 1980, while gold crossed $1,300 an ounce. 

 

Silver ready maintained its record setting spree and jumped by Rs 175 to a new peak of Rs 33,175 per kg. Silver weekly-based delivery climbed by Rs 150 to Rs 32,720 per kg.

Silver coins continued to trade around previous levels of Rs 35,300 for buying and Rs 35,400 for selling of 100 pieces.

Gold of 99.9 and 99.5 per cent purity met with resistance at existing higher levels and lost Rs 65 each to Rs 19,400 and Rs 19,300 per 10-grams respectively.

Sovereign price was unchanged at Rs 15,300 per piece of eight grams in limited deals.