Gold hit all-time high of Rs32,900

Gold prices touched new all-time high of Rs32,900 per 10 grammes here on Friday, tracking the metal’s rally overseas after the US Federal Reserve decided to add further stimulus to boost the world’s biggest economy. While gold added Rs310 to hit the record level, silver rose by Rs800 to Rs62,000 per kg. Traders said sentiment buoyed on strong cues from global markets where gold climbed to a six-month high after Federal Reserve unveiled a fresh stimulus plan to help spur the US economy, lifting the metal’s demand as a store of value. Gold rose 0.6 per cent to $1,778 an ounce in Singapore, the highest level since February 29. From gulftoday