Gold zooms to new record at Rs.31,300

Buoyed by a strong rally overseas, gold rose to touch a new high of Rs31,300 per 10 grams in the bullion market here on Saturday. Gold added Rs 185, registering gains for the sixth day in a row, while silver added Rs 950 to Rs57,800 per kg on increased buying. Gold of 99.9 and 99.5% purity added Rs185 to touch record levels of Rs 31,300 and Rs 31,100 per 10 grams, respectively. The metal has gained Rs 675 in last five sessions. Silver coins also spurted by Rs2,000 to Rs73,000 for buying and Rs 74,000 for selling of 100 pieces on strong demand.