Gold prices breached the crucial Rs. 25,000-level for the first time ever in history here, tracking strong trends in global markets where financial uncertainty increased the metal’s appeal as a safe investment haven.
With international prices rallying amid concerns that the global economy is slowing, gold in the bullion here gained Rs 460 to touch an all-time record of Rs. 25,230 per 10 grams.
Prices then averaged out to Rs 25,000 per 10 gms Traders said heavy buying by stockists and investors in tandem with rising global trend, mainly led to the prices touching record level in spot as well as futures trade here.
In addition, some local buying ahead of marriage season also boosted the sentiment, they added. Gold of 99.9 and 99.5 per cent purity surged by Rs. 460 each to Rs 25,230 and Rs 25,110 per 10 grams, respectively.
