24/03/2011 00:00 AST

Gold on Wednesday hit its highest since early March and silver struck a 31-year peak as investors sheltered in precious metals from weak data, Middle East unrest and a key vote threatening Portugal's government .

Spot gold was bid at $1,439.44 a troy ounce at 1507 GMT from $1,429.50 late in New York on Tuesday. The precious metal hit a session high of $1,440.90, its highest since March 7 when it scored a record peak of $1,444.40 an ounce.

Tracking bullion, spot silver hit a session high of $36.85 an ounce, its highest since 1980.

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The Economic Times

Ticker Price Volume
(In US Dollar) Change Change(%)
Gold 3,885.51 28.98 0.75
Silver 47.98 0.99 2.11
Platinum 1,613.5 52.5 3.36
Palladium 1,254 9.5 0.76
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