Tuesday, September 6, 2011

Gold prices hit all time high on euro zone crisis

Gold prices touched fresh high of Rs 29,091 per 10 grams today, as concerns about slowing economic growth and Europe's debt crisis spurred demand for the precious metal as a safe haven investment.

Market analysts attributed the skyrocketing gold futures prices, which hit an all-time high, to a firming trend overseas as renewed fears over the euro zone debt crisis and concerns about stalled global growth boosted the attractiveness of the precious metal in investors' eyes.  

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