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Gold surges Rs 160 on global cues

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Gold surges Rs 160 on global cues

Postby GoNifty » Fri Aug 19, 2011 7:31 pm

Gold surges Rs 160 on global cues

Riding high on a firm trend in the global markets, gold rose Rs 160, to a fresh all-time high of 26,840 rupees a ten grams at Delhi`s bullion market on Thursday following sustained buying by investors and stockists. Silver gained Rs 600, to Rs 61,300 a kilo.

In the overseas markets, gold advanced for the fourth straight day, rising to 1,796 dollars an ounce, amid worries about a global economic slowdown.
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