New Delhi: Tracking strong global cues, gold on Saturday soared by Rs 540 per ten grams to fresh all-time high of Rs 32,450 in the national capital. Prices of gold (99.5 purity) in Kolkata increased by Rs 620 to Rs 32,425, while rates in Chennai rose by Rs 710 to Rs 32,325 per ten grams. In Mumbai, the precious metal's rates surged by Rs 605 to Rs 31,955 on Saturday.
"The domestic gold prices are rising purely due to global development. After the announcement of potentially unlimited bond-buying by the European Central Bank (ECB) and unfavourable non-farm pay roll data of the US, international gold prices shot up," SMC Comtrade Chairman and Managing Director DK Aggarwal said.
Global prices rallied as poor non-farm employment data indicated serious job problems in the US and its weak economic situation, traders said.
The US data also brightened chances of announcement of stimulus package by the US Federal Reserve in its forthcoming meeting, Aggarwal said, adding that these developments are driving prices of gold and silver....
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The Dow finally managed to eked out 2 per cent gains in late trade. ... 
Markets are bound to rise from this level hence it’s the right time to buy stocks. ... 
