MUMBAI: Gold prices resumed to an all-time high of Rs 13,495 on the bullion market here Monday on persistent stockists buying in view of current marriage season coupled with global cues.
The every day weakening US dollar, rising oil prices and an un precedented fall for Asian stocks, all contributed to gold’s surge to an all-time high of $1026 an ounce in overseas markets.
Standard gold (99.5 purity) shot up by Rs 385 per ten grams to Rs 13,495 from the last weekend's level of Rs 13,110 and pure gold (99.9 purity) also firmed up to Rs. 13,555 from Rs 13,170.
Silver also shot up to an all-time peak of Rs. 25,770 per kilo in line with gold prices.
Gold prices in Hong Kong resumed sharply higher at USD 1021.60/1022.30 per ounce as against the last weekend's level of USD 990.70/991.40 per ounce.
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