Gold, silver scale new highs

The spectacular rally in the precious metals continued as gold and silver scaled fresh peaks on heavy speculative and investment buying, backed by the buoyancy in global markets.
    
The yellow metal marched ahead aggressively to conquer the psychological milestone of Rs22,000 per 10 grams boosted by sustained investment and jewellery buying amid marriage season demand.
    
Silver also spurted on strong speculative build-up to reach the Rs72,980 a kilo mark. Standard gold(99.5 purity) shot up by Rs205 per 10 grams to close at Rs22,030 from Friday's closing level of Rs21,825.
    
Pure gold (99.9 purity) rose by a similar margin to end at Rs22,135 as compared to Rs21,930 yesterday.
    
Silver ready (.999 fineness) sky-rocked by Rs2,170 per kg to finish at Rs72,980 from overnight closing level of Rs70,810.
    
Traders said, the rising international trend is impacting domestic market though the global markets had a long weekend on account of Easter holidays.