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Gold hit new all time high, Silver at Rs 59,000/kg

, September 1, 2012, 0 Comments

Fueled by  a powerful global rally Gold prices soared to hit a fresh all—time high of Rs 31,255 per 10 grams at bullion bourses here on Saturday. Silver also rebounded to Rs 60,000 per kg mark on speculative buying.

Comments by Fed chairman Ben Bernanke yesterday’s assurance to provide additional policy accommodation has been interpreted in positive manner by commodity market. Crude oil, Gold and Silver all rallied after yesterday’s Jackson Hole event.