Both the precious metals, gold and silver, resumed at an all-time high on the bullion market here on Wednesday, as gold rallied by Rs 80 per ten grams to Rs 17,095 and silver firmed up by Rs 110 per kilo to Rs 28,510 on persistent demand from stockists on the back of rising trend in global market.
Gold hit another all-time high on Wednesday in the Asian market on worries about future inflation and economic uncertainties, while Asian stocks rebounded as the bearish dollar kept assets in demand.
Spot gold rose as high as $1,143.95 per ounce in early Asia trade, settling later just above $1,140, with expectations for a continued weakness in the US currency also providing a support.
Turning to the local market, standard gold (99.5 purity) rose by Rs 80 per ten grams to resume Rs 17,095 from the overnight closing level of Rs 17,015.
Pure gold (99.9 purity) also firmed up to Rs 17,185 from Rs 17,105.
Silver ready (.999 fineness) too hardened by Rs 110 per kilo to Rs 28,510 from Rs 28,400 previously.
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