The metal received a booster from strengthening Asian and European bullion markets where it crossed $600 an ounce level influenced by spiralling crude oil prices and weakening dollar against the Euro and other major currencies.
The Kolkata market was the biggest gainer as gold reached an all-time high of Rs 8,905 per 10 gram, recording a gain of Rs 160. In Mumbai, it traded at its highest level of Rs 8,810 per 10 gram, a rise of Rs 105. However, there was no trading in Chennai as market was closed for "Mahavir Jayanti'.
The Delhi market, which was closed during the day, witnessed some off-the-market deals gaining Rs 80 at record high level of Rs 8,850 per 10 gram, a level never seen before, as stockists enlarged their holdings ahead of official opening on Wednesday.
Gold closed at Hong Kong at $601.60 an ounce, higher by $5.10 an ounce from yesterday's close of $596.50. It last hit 600 in 1980. Silver broke the $13 an ounce for the first time in 20 years, buoyed by the expected launch of a silver-backed exchange fund.
The bullion markets were already on upward march since last one week as retail customers buying for the coming marriage season beginning from Baisakhi on April 13.
Asian traders sent gold as high as $604.30 an ounce on Monday, marking a 10 per cent surge in less than three weeks and a 40 per cent jump since mid-2005.
Gold hit an all time high of $873 dollars in January 1980 and was quoted at just $250 in 2001.
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