Gold Rises Rs 400 To Breach Rs 78k Mark, Silver Soars Rs 1000

New Delhi: Gold prices on Thursday jumped by Rs400 to breach a record Rs78,000 per 10 gram level in the national capital on sustained buying by jewellers as well as strong trends in global markets. Maintaining its record-breaking run for the second day, gold spurted by Rs400 to a fresh lifetime high of Rs78,250 per 10 grams, according to the All India Sarafa Association. The precious metal had closed at Rs77,850 per 10 grams on Wednesday. Silver also soared by Rs1,000 to Rs94,000 per kg on robust demand from industrial units and coin makers amid strong overseas trend. The metal had finished at Rs93,000 per kg in the previous session. In addition, gold of 99.5 per cent purity also hit a fresh high of Rs77,900 per 10 grams.

On Wednesday, the yellow metal had ended at Rs77,500 per 10 grams. Traders said a rise in local demand, coupled with robust global trend supported gold prices.