Following a consistent strong increase in the global market, the price of gold is reported to have reached an ‘all-time’ high of Rs 26,840 per 10 grams today as investors and stockiest continue to purchase it.

Also, the gold of 99.9 and 99.5% purity increased by Rs 160 each to Rs 26,840 and Rs 26,720 per 10 grams respectively, as metal gained Rs 580 per 10 grams in the past two trading sessions.

Market analysts stated: “Trading remained bullish after gold advanced for the fourth day in overseas markets to $1,795.85 an ounce, as investors sought to protect their wealth against the possibility of a global slowdown amid deepening debt crisis in the US and Europe”.

However, firming trend at futures market where gold surged to a record high as well as the shifting of funds by investors from falling equity to increasing bullion contributed to the sales of gold.

Moreover, silver also moved up Rs 61,300 a kg on high speculative buying backed up by a raised ‘off take’ from industrial units, and the silver coins went the same path and surged by Rs 1,500 to Rs 68,500 for buying as well as Rs 69,500 for selling 100 pieces.