Gold prices hit record Rs 78,000 mark on strong global cues

economictimes.indiatimes.com:

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 Rs 400 to a fresh lifetime high of Rs 78,250 per 10 grams, according to the All India Sarafa Association. The precious metal had closed at Rs 77,850 per 10 grams on Wednesday.
Silver also soared by Rs 1,000 to Rs 94,000 per kg on robust demand from industrial units and coin makers amid strong overseas trend.

The metal had finished at Rs 93,000 per kg in the previous session.
In addition, gold of 99.5 per cent purity also hit a fresh high of Rs 77,900 per 10 grams. On Wednesday, the yellow metal had ended at Rs 77,500 per 10 grams.
Traders said a rise in local demand, coupled with robust global trend supported gold prices.

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