Gold prices surged for the third consecutive trading session on Saturday to touch a new peak at the bullion market.tandard gold (of 99.5 per cent purity) spurted by Rs. 110 to end at Rs. 29,155 per 10 gram from Friday’s closing level of Rs. 29,045.
Pure gold (99.9 per cent purity) went up by a similar margin to end at Rs. 29,290 per 10 gram as against Rs. 29,180 previously.The sudden spike was mainly attributed to highly fluctuating equity markets, as investors and speculators shifted their funds to better avenues, traders said. Moreover, marriage season demand also supported the uptrend, they said.