Gold and silver prices galloped to climb another historic high at the bullion bourses in Mumbai on Friday on frantic speculative and stockists driven buying bolstered by surging international markets.
The yellow metal, which gave a miss to recent global rally, suddenly soared to hit a new record peak owing to heavy investment as well as jewellery demand.
Continuing its bullishness, silver zoomed to touch an all-time high and came within a striking distance of yet another milestone of Rs 64,000 a kg on hectic cornering by stockists and seasonal traders as well as industrial buying.
Silver ready (.999 fineness) sky-rocketed by Rs 2,345 per kg to close at Rs 63,930 from Thursday's closing level of Rs 61,585.
Standard gold (99.5 purity) shot up by Rs 190 per 10 grams to finish at Rs 21,355 from Rs 21,165 yesterday.
Pure gold (99.9 purity) also surged by Rs 195 per 10 grams to end at Rs 21,460 as compared to Rs 21,265 previously.
In overseas trade, precious metals soared to record highs on concerns over euro zone sovereign debt crisis amidst worries over increasing inflationary pressure.
Spot gold was bid at $ 1,477.50 an ounce in early trade as against $1,472.90 yesterday. US gold futures for June delivery rose by $6.20 to $1,478.60.
Silver was bid at $42.56 an ounce against $42.08.
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