Gold prices surge to Rs 18,400 in opening trade
2 Dec 2009, 1438 hrs IST, PTI
Text:
NEW DELHI: Gold prices ontoday touched a new peak at Rs 18,400 per ten gram in the national capital gaining Rs 430 in the opening trade on heavy


How to invest in goldFew tips to buy goldGold & silver jewellery Different ways to invest in gold Is gold fund for you? buying for the marriage season amid firming global cues. Gold gained Rs 430 to trade at Rs 18,400 per ten gram in the first few minutes of trading as jewellery fabricators indulged in creating fresh positions following a constant raise in its prices at overseas front. The precious metal, which normally move in tandem with international trend, remained on an uptrend and set record high levels in each session, marketmen said. They said the current rally was backed as gold prices shot up to 1,215.85 dollar an ounce in Asian trade as investors stepped up purchases to protect their wealth against a slumping dollar. The impact was noticed in futures trading as gold for April contract rose by 1.44 per cent to a new record high level of Rs 18,263 per ten gram in early trading.