Mumbai, Feb 20 (PTI) Gold prices continued their upward march in early trade on the bullion market here today and rallied further to an all-time high of Rs 15,570 on safe-haven buying due to fall in equity markets even as gold declined marginally in the overseas market.
However, silver eased on lack of demand at higher levels.
Uncertainty in equity shares and worsening worldwide recession boosted gold prices as investors preferred to park their funds in this metal as a risk free, a dealer said.
Gold futures ended slightly lower on Thursday in New York, holding firm near USD 980 an ounce as investors adjusted their positions after the metal ended a seven-month high in the last session.
Gold for February delivery ended down by USD 1.60 an ounce to USD 976.10 on the Comex Division of the New York Mercantile Exchange. Silver for March delivery lost to USD 13.935 an ounce.
Turning to the local market, standard gold (99.5 purity) rallied by Rs 80 per ten grams to resume at Rs 15,570 from Wednesday's closing level of Rs 15,490.
Pure gold (99.9 purity) also rose to Rs 15,635 from Rs 15,560.
However, silver ready (.999 fineness) eased by Rs 50 per kilo to Rs 23,040 from Rs 23,090. PTI
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