Gold’s new peak is Rs. 28,750 per 10 grams, and this new high has severely hit all the peaks of the global markets.

The national capital today has cited this new high of the yellow metal followed by frantic buying of same by stockists as well as the investors in the market.

Metal’s figures of Aug 22 were initially Rs. 28,540 per 10 grams, but the figures of the metal soon rose by Rs. 470 and reached to Rs. 28,750 towards the end of the session.

Market cited an increasing trend of gold on one hand whereas on the other hand, the reports confirmed a fall of Rs. 400 in silver, which made the figures fall to Rs. 65,100 per kg. Moreover, the weekly-based delivery of silver also fell by Rs. 430 to Rs. 65,985 per kg due to the stockists shifting of interest in gold to earn some quick gains.

However, the silver market cited flat buying price for silver coins at Rs. 72,000 and Rs. 73,000 for selling of 100 pieces of same.

India and China are known to be the two of the world's largest consumers of gold, and in both the countries, the prices of the metal touched its all-time highs to further support the upward trend.