Silver cross over Rs 37,000- point, gold elevates to all-time high

silver-goldBoth the valuable metals, silver and gold, elevated to an all-time high throughout the early on trade on the bullion market here on Thursday on frantic stockiest buying among tentative support set off by rise in the worldwide market.

Silver prices (.999 fineness) rose up by Rs 940 per kilo to recommence at Rs 37,130 by the immediate closing level of Rs 36,190.

Normal gold (99.5 purity) went up by 185 per ten grams to Rs 19,880 from Rs 19,695 formerly.

Pure gold (99.9 purity) also toughened by Rs 180 per ten grams to Rs 19,975 from Rs 19,795 days gone by.

Gold futures went hand in hand with the bulls yesterday in New York markets to resolve at their 16th record high in 5 weeks, as a spurting US dollar and predictable Federal Reserve intervention in the financial system drove requirement.

Gold for December delivery stopped up USD 23.80 to 1,370.50 an ounce on the Comex division of the New York Mercantile Exchange. Silver for December delivery relaxed up 78 cents to USD 23.93 an ounce.