Gold prices hit new peak

Gold prices touched new all-time high of Rs 32,500 per 10 grammes in the bullion market here on Monday on seasonal demand amid strong global trend. Gold, which has been on a record setting spree for the past three weeks, rose by Rs50 to Rs32,500 per 10 grammes. Traders said sentiment in gold remained bullish as the metal rose to near six-month high in global markets on speculations that central banks from the US and China would bring in more stimulus measures to revive economic growth, raising demand outlook for the precious metal.  In New York, the yellow metal surged by $34 to $1,734.30 an ounce in the previous session. From gulftoday