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Gold extends gains, silver at 3-mth high

Gold prices soared further to attain yet another historic high at the domestic bullion market in Mumbai on hectic stockists and investment-driven buying fuelled by global bullishness.

twitter-logo PTI   Mumbai     Last Updated: August 3, 2011  | 19:00 IST

Gold prices soared further to attain yet another historic high at the domestic bullion market in Mumbai on hectic stockists and investment-driven buying fuelled by global bullishness.

Silver too witnessed a sharp spike to revisit its 3-month high on strong speculative build up amidst rising industrial demand.

Standard gold (99.5 purity) rallied by Rs 580 per 10 grams to end at Rs 23,955 from Tuesday's close of Rs 23,375.

Pure gold (99.9 purity) spurted by Rs 590 per 10 grams close at Rs 24,075 from Rs 23,485 previously.

Silver ready (.999 fineness) jumped by a hefty Rs 1,495 per kg to finish at Rs 60,615 as compared to Tuesday's level of Rs 59,120.

In Europe, Gold zoomed to hit a record on fears of widening European debt crises amidst data showing rise in bullion purchase holdings by centrals banks in number of countries.

Spot gold was bid at $1,665.65 an ounce in early trade and silver was bid at $40.88 an ounce.


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