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Gold at record level of Rs 78,000 due to strong global cues, these changes in silver prices
Gold Silver Price: According to the All India Sarafa Association, gold rose by Rs 400 for the second consecutive day to reach a record level of Rs 78,250 per 10 grams. Silver also rose by Rs 1,000 to Rs 94,000 per kg due to strong demand among industrial units and coin makers amid strong foreign trend.
Ahead of wedding season, gold prices in the national capital have jumped by Rs 400 to breach the record level of Rs 78,000 per 10 grams today following relentless buying by jewellers with a strong trend overseas.
The price of gold, according to the All India Sarafa Association jumped Rs 400 for the second day in a row to its all-time high and breached Rs 78,250 per 10 grams. On Wednesday, the bullion had closed at Rs 77,850 per 10 grams.
Silver also rose by Rs 1,000 to quote at Rs 94,000 per kg on strong offtake by industrial units as well as coin makers on the back of strong foreign trend. The metal had closed at Rs 93,000 per kg in the previous session.
Other than that, the price of 99.5 percent pure gold also skyrocketed to a new level of Rs 77,900 per 10 grams. On Wednesday, gold had closed at Rs 77,500 per 10 grams. Traders said that gold prices received the edge from strong local demand and a strong global trend.
