New Delhi: All that glitters is not just gold but silver too. Prices of the two precious metals have touched an all-time high.
Gold has reached Rs 19,400 per 10 grams, while silver crossed a high of Rs 31,000 on the back of buying by stockists and speculators driven by strong trend in overseas markets.
Jewellers buying ahead of festive season and investment demand seem to have given a fillip to this rally. Gold is currently trading above $ 1,240 an ounce.
Tracking firming global trend, gold prices rose Rs 39, or 0.20 per cent, to Rs 19,129 per ten gram in futures trade today on fresh buying by speculators.
At the Multi Commodity Exchange counter, gold for December rose Rs 39, or 0.20 per cent, to Rs 19,129 per ten gram, with an open interest of 5,730 lots.
Similarly, the October delivery moved up by Rs 33, or 0.17 per cent, to Rs 19,033 per ten gram, with an open interest of 18,394 lots.
Market analysts said beside firming global trend, speculators enlarged positions to meet the festive demand, pushed up gold prices at futures trade.
With PTI inputs
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