The yellow metal has been setting new high day after day, propelled by ever increasing gold prices in international bullion market.
Silver, which touched new high of Rs 450 per 10 grams on Tuesday, retained the price on Wednesday´s trading as well.
Traders said sales of gold is all set to an all time low during the ongoing wedding season as gold is fast galloping out of the reach of lower and middle class people. Traders expect gold prices to further go up in coming days, if rival currencies continued to weaken US dollar.
According to Reuters, international gold prices touched an all-time high of $1,149.15 per troy ounce on Wednesday. Analysts expect the yellow metal to touch $1,200 per troy ounce by the end of this year and reach as much as $1,500 per troy ounce by mid-2010.
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