Gold, Silver on life time high, Crosses 21000

The gold price on Wednesday crossed the all-time high level of Rs. 21,000 per 10 grams in New Delhi, with demand from jewellers drastically picking up amid a busy marriage season. Silver, also used in jewellery, spurted to the record high level of Rs. 43,950 per kg, as demand from industrial units and coin makers went up. The prices of 99.9 per cent purity gold shot up by Rs. 200 to Rs. 21,020 per 10 grams, as stockists and jewellers created fresh positions to meet the current marriage season demand, traders said.
Prices of 99.5 per cent purity gold rose by Rs. 210 to Rs. 20,910 per 10 grams. Sovereign was up by Rs. 100 to Rs. 16,700 per piece of eight grams. Prices of silver ready spurted by Rs. 1,600 to Rs. 43,950 per kg and weekly-based delivery by Rs. 1,750 to Rs. 43,450 per kg.