Silver continues record breaking spree

Silver prices continued their uninterrupted rally at the bullion market here today,scaling another record high on consistent stockists as well as speculative buying on the back of surging global valuations.

Silver prices continued their uninterrupted rally at the bullion market here today,scaling another record high on consistent stockists as well as speculative buying on the back of surging global valuations.

Defying positive overseas trend,gold ended steady in a lacklustre trade owing to lack of buying at existing higher levels.

Silver ready (.999 fineness) firmed up by Rs 65 per kg to concluded at Rs 59,080 from Wednesday’s closing level of Rs 59,015.

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However,standard gold (99.5 purity) and pure gold (99.9 purity) both closed unaltered at Rs 20,980 and Rs 21,080 respectively.

In Europe,gold traded a tad below from its record high as the euro retreated ahead of the European Central Bank decision on interest rate,though the metal was supported by ongoing violence in the West Asia and North Africa. Silver traded just shot of USD 40 mark.

Spot gold was bid at USD 1,458.80 an ounce in early trade as against USD 1,457 late in New York yesterday.

Silver was bid at USD 39.46 an ounce as compared to USD 39.43.