New Delhi: Gold prices climbed to a new high to Rs 17,600 per ten gram, maintaining its record setting spree for the sixth consecutive day today.
The continuing upward spiral in the yellow metal price comes in the wake of sustained buying by jewellery makers for the ongoing marriage season.
Gold which had gained Rs 500 in the last five trading sessions, advanced further by Rs 100 to Rs 17,600 today, as jewellery fabricators and stockists remained active buyers for the marriage season.
The precious metal rose to record high levels in international markets during the week touching $1,154 an ounce following weakening dollar which further boosted the uptrend.
Gold maintained the uptrend since the Reserve Bank bought 200 tonne gold from the International Monetary Fund, raising fears that some more central banks may follow suit.
Silver followed suit and recorded fresh gains. Silver ready rose by Rs 70 to Rs 28,750 per kg, while weekly-based delivery was unchanged at Rs 28,400 a kg. Silver coins were unchanged at Rs 34,200 for buying and Rs 34,300 for selling of 100 pieces.
Standard gold and ornaments, which has been rising since the past five trading sessions, rose further by Rs 100 each to set a new high at Rs 17,600 and Rs 17,450 per ten gram, respectively while sovereign held steady at Rs 13,550 per piece of eight gram.
