Gold hits new high of 23,690
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Gold climbed 210 rupees, to a new all-time record of 23,690 rupees per ten grams at Delhi's bullion market, on Tuesday, on renewed domestic buying, driven by a firm overseas trend. Silver rose 600 rupees, to 58,600 rupees per kilo, on increased buying by speculators and industrial units. Silver coins surged 2,000 rupees, to 65,000 rupees for buying 100 pieces.
In the global markets, gold gained 0.4 per cent, to 1,625 dollars an ounce, as concern that global economic growth may be slowing spurred demand for safe haven assets.
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