Gold hits Rs 34,500, silver regains Rs 59k

MUMBAI-INDIA (Auf 29)   Gold prices continued to soar at the bullion market , even as silver marched ahead to a seven-month high to revisit the Rs 59,000-per kg level following heavy speculative demand. In Delhi, gold prices soared by Rs 2,500 to scale a new peak of Rs 34,500.

In Mumbai, standard gold of 99.5% purity strengthened by Rs 680 to close at Rs 33,265 per 10 grams from Tuesday's closing level of Rs 32,585 . Pure gold of 99.9% purity hardened by Rs 700 to finish at Rs 33,430 per 10 grams from Rs 32,730. Silver ready (.999 fineness) spurted by a massive Rs 2,800 to end at Rs 59,470 per kg.