Gold reaches new peaks

August 05, 2011 16:12
Gold reaches new peaks

goldWith the stock markets plummeting amid reports of another recession hitting the US economy, gold touched a new peak today in the metals’ market in India. 

Riding high with increasing investments, the yellow metal touched the peak at Rs 24,350 per 10 grams of 24 carats in Delhi by adding Rs 70 while silver was down by Rs 3,100 to Rs 58,600 per kg due to reduced demand by industrial users.

Reports said more and more investors are looking towards gold for investments as stock markets are giving them jitters continuously. Observers point out that the yellow metal will continue to attract increasing number of investor in the coming days.

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