Agencies
New Delhi, Mar 17:
Gold prices zoomed past all previous records to open at a new peak of Rs 13,500 in the billion market in New Delhi on Monday on brisk buying by stockists, influenced by strong global cues.
A turmoil in all financial markets after all dollar-priced commodities moving in different directions proved gold as a best buying during such crisis. A remarkable rise in crude oil prices, weakening dollar, restricted inflow of foreign investors in emerging Asian stock markets left with no other option but to invest in gold, which surged to an all-time high of 1026 dollar an ounce in overseas markets.