Gold prices breach Rs 30k-mark first time today on heavy buying by stockists, retailers

NEW DELHI: Gold prices crosses the mark of Rs 30,000 today on heavy buying by stockists and retailers in the midst strong overseas trend, triggered by global financial uncertainty which has raised the appeal for the metal as a safe investment haven.

Gold increased by a strong Rs 960 to touch a record high of Rs 30,300 per 10 grams in line with global rally.

As per the traders, the precious metal both of 99.9 and 99.5 per cent purity, recorded the biggest single day gain of Rs 960 each to Rs 30,300 and Rs 30,160 per 10 grams, respectively.

In New York, the yellow metal increased 4.24 per cent to $1,626.30 an ounce, the biggest rise since August 8.