Gold prices on Wednesday hit a fresh all-time high by adding Rs 200 to Rs 30,400 per 10 grams on brisk buying by stockists triggered by a firming global trend.
The precious metal had hit an all-time high of Rs 30,300 on Saturday .
Silver followed suit, and shot up by Rs 1,200 to Rs 55,500 per kg on increased offtake by industrial units and coin makers.
Traders said the trading sentiment bolstered as gold rose to a four-week high in London on weaker dollar after officials from the world's leading economies said they will collaborate to respond to Europe's crisis, boosting demand for metal as an alternate investment.
In London, gold rose by 1.3 per cent to $1,637.40 an ounce, the highest since May 8 and silver by 2.7 per cent to 29.31 dollar an ounce, the highest since May 10.
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