Gold hits new record of Rs.30,570
Riding high on strong demand for the wedding season coupled with a firming trend in the global market, gold touched yet another record high of Rs.30,570 per 10 grams in the bullion market in Delhi on Friday.
Gold climbed for a sixth straight session by adding Rs.20 to hit an all-time high of Rs.30,570 per 10 grams. The metal has gained Rs.1,050 in the last five trading sessions.
On the other hand, silver lacked necessary follow up support at prevailing higher levels and fell by Rs.970 to Rs.54,730 per kg.
Traders said besides buying by retail customers and jewellery-maker for the wedding season, strong global cues pushed the metal's prices up.