The rising trend in silver continued to remain unabated in the bullion market on Monday as the metal surged further to close at an all-time high of Rs 10,155 pre kg due to thin supply after a steep rally in the global prices.
Heavy stockists' demand also aided the steep rise in prices, dealers said.
Gold also firmed up further on increased buying activity after a sharp rise in the overseas prices.
Ready silver (.999 fineness) which had created history on Saturday by closing at a new high of Rs 10,045, rallied further on Monday and opened at Rs 10,120.
Thereafter, it continued to shoot up and closed at another historical high of Rs 10,155, showing a whopping Rs 110 gain over the last weekend close of Rs 10,045.
In the Asian markets, silver jumped to a new multi-year high today as low volume affected the sentiment, dealers said.
In US, after shooting up by more than 20 cents a troy ounce to $6.497 per ounce level on Friday, silver extended the rising trend too and touched as high as $6.63 per ounce, the highest level since April 1998, they said.
Standard gold (99.9 purity) opened steady at Rs 6,315, but soon attracted good support and recovered to close at Rs 6335, showing a good gain of Rs 20 over the previous close of Rs 6315.
Standard gold (99.5 purity) also started steady at Rs 6,350 and firmed up in line with the general trend, before ending at Rs 6,370, revealing a similar gain over the last weekend close of Rs 6,350.
In Hong Kong, gold closed higher at Rs 427.50-428.00 per ounce from the previous close of $422.50-423.00, while in London, it was quoted firmer at $428.20 per ounce as compared to the previous level of $423.25 an ounce.
Following are today's closing rates in rupee with previous close in brackets.
Ready silver .999 (per kilo) Rs 10,155 (Rs 10,045), standard gold 99.5 (ten gram) Rs 6,335 (Rs 6,315) and pure gold 99.9 (ten gram) Rs 6,370 (Rs 6,350).
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