Gold Jumps Rs 450 To Breach Rs 79k-Mark, Silver Remains Flat

New Delhi: Gold prices advanced Rs450 to hit another record of Rs79,350 per 10 grams in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs78,900 per 10 grams in the previous session on Wednesday. Rallying for the second straight day, gold of 99.5 per cent climbed Rs450 to hit another fresh high of Rs78,950 per 10 grams. It had finished at Rs78,500 per 10 grams. However, silver remained flat at Rs93,500 per kg. Traders said increased buying by local jewellers to meet festive demand and a rally in the precious metal rates in the global markets mainly lifted gold prices to record high levels. In the Asian market hours, Comex gold futures rose 0.43 per cent to $2,703 per ounce. Meanwhile, silver futures slipped 0.15 per cent to $31.93 per ounce in the international markets. In futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery reached a lifetime high of Rs77,019 per 10 grams.