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Home > Business > PTI > Report

Gold prices scale new peak at Rs 6235

December 30, 2003 18:19 IST
Last Updated: December 30, 2003 18:22 IST

The rising trend in gold remained unabated on the bullion market in Mumbai on Monday with pure gold zooming up further to close at a new record high of Rs 6,235 per ten gram due to sharp rise in the global prices.

Silver also maintained it steep upward march and shot up by Rs 100 per kilo to end at an all-time high of Rs 9,480 on firm London advices.

In the Asian markets, gold shot up to near 7-year high of $416.50 per ounce on fears of a further fall in dollar against the euro, dealers said.

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Pure gold (99.9 purity) started on firm note at Rs 6,225 and continued to rally to end at Rs 6,235, showing a smart gain of Rs 20 over the previous close of Rs 6,215.

Standard gold (99.5 purity), after a sharply higher start at Rs 6,190, firmed up further and closed at a new high of Rs 6,200, revealing a handsome gain of Rs 25 over Monday's close of Rs 6,175.

In Hong Kong, gold closed $3.60 per ounce higher at $416.60-417.10 from the previous close of $413.00/413.50 per ounce. Similarly in London, gold fixed firm at $415.60 an ounce in the morning from the last level of $412.00.

Ready silver (.999 fineness) resumed smartly higher at Rs 9,455 and shot up further to end at Rs 9,480, showing a steep rally of Rs 100 over Monday's close of Rs 9,380.

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