Silver hits new high at Rs 56,400

In global markets,gold rose by USD 1.35 to USD 1,438.75 an ounce and silver by 0.5 per cent to USD 37.55 an ounce,the highest level since February,1980.

On the domestic front,silver ready remained on record making spree and surged by Rs 1,800 to hit an all-time high of Rs 56,400 per kg and weekly-based delivery by Rs 1,900 to Rs 56,100 per kg.

Silver coins also spurted by Rs 1,800 to Rs 60,800 for buying and Rs 61,300 for selling of 100 pieces.

Similarly,gold of 99.9 and 99.5 per cent purity rose by Rs 45 each to Rs 21,240 and Rs 21,120 per 10 grams,respectively. However,sovereigns held steady at Rs 17,500 per piece of eight grams.