Silver touches all-time high of Rs 45,000 on industrial demand, gold prices down by Rs 100

New Delhi-India (Aug 13)  Silver prices on Tuesday soared Rs 2,000 to touch an all-time high mark of Rs 45,000 per kg, while gold declined by Rs 100 to Rs 38,370 per 10 gram in the national capital, according to the All India Sarafa Association.

Besides increased offtake by industrial units and coin makers, robust global trend mainly led to the rise in white metal, traders said.

"At Rs 45,000, silver has touched its all-time high. Strong overseas trend led to the increase in the silver price," Surendra Jain, vice president of All India Sarafa Association said.

Silver touches all-time high of Rs 45,000 on industrial demand, gold prices down by Rs 100

Representational image. Reuters

Globally, gold was trading higher at $1,520.37 an ounce in New York, while silver was quoting higher at $17.32 an ounce.

In the national capital, gold of 99.9 percent and 99.5 percent purity declined Rs 100 to Rs 38,370 and Rs 38,200 per 10 gram, respectively.

Sovereign gold gained Rs 200 to Rs 28,800 per eight gram.

On Monday, gold had retouched its all-time high mark of Rs 38,470 per 10 gram.

Meanwhile, silver ready soared Rs 2,000 to Rs 45,000 per kg on Tuesday, while weekly-based delivery surged Rs 956 at Rs 44,280 per kg.

Silver coins were in good demand and traded higher by Rs 1,000 at Rs 89,000 for buying and Rs 90,000 for selling of 100 pieces.

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