Gold climbs another peak

Gold prices climbed to hit another record peak at the bullion market here on Wednesday on sustained demand by stockists and investors, well supported by strong overseas cues. Silver continued its ceaseless speculative momentum to rally further amidst good industrial buying. Standard gold (99.5 purity) advanced by Rs160 to close at Rs31,480 per 10 gm from on Tuesday’s closing level of Rs31,320. Pure gold (99.9 purity) also rose by Rs 155 to finish at Rs 31,620 per 10 gm from Rs31,465. Silver ready (.999 fineness) rallied by a Rs325 per kg to conclude at Rs61,325 as against Rs61,000 previously. From gulftoday