Telugu|Tollywood|Technical|Gobal Stuff|: Silver continues dream run; gold declines

Silver continues dream run; gold declines

Silver continued its uninterrupted record-breaking rally at the bullion market here today, hitting yet another peak on hectic speculative buying on the back higher global advices. Gold, however, declined further owing to reduced stockists as well as lower jewellery demand despite prices ruling at record high in international markets.

Silver ready (.999 fineness) firmed up by Rs 40 per kilo to close at Rs 33,485 from last Saturday''s closing level of Rs 33,445.

It touched a of Rs 33,510 in early trade. Standard gold (99.5 purity) dropped by Rs 50 per 10 grams to end at Rs 19,090 from last weekend''s closing level of Rs 19,140.

Pure gold (99.9 purity) dipped by a similar margin to finish at Rs 19,185, as against Rs 19,235 previously. In Europe, gold zoomed to a record high of Rs 1,300 an ounce on global economic worries amid dollar weakness.

Spot gold was bid at USD 1,299.30 an ounce in early trade, as against USD 1,295.50 late in New York on Friday. Silver jumped to its highest in three decades at USD 21.61 an ounce.