The price of gold increased today by Rs. 145 to get back the level of Rs. 19,000 after8 weeks in the bullion market here amidst stockists and jewelers frantically buying after the global trends got firmed.

Gold extended its profits for the eleventh continuous day, and its price increased by Rs. 145 to sell for Rs. 19,110 for every 10 grams. This kind of level was last seen on 1st July.

According to marketmen, the price of gold reflects its profits in the world markets where the precious metal progressed further following the shifting of funds by investors to protect from the falling equity markets.

Another reason which hiked the gold prices is the purchase by stockists and jewelers to meet the rising demand due to the current festival season. The prices of 99.9 percent and 99.5 percent pure gold leapt by Rs. 145 to Rs. 19,110 and Rs. 19,010 per ten grams respectively.

Sovereigns hiked up by Rs. 100 to Rs. 14,900 for piece of 8 grams. Silver coins jumped by Rs. 100 to Rs. 34,600 for buying and Rs. 34,700 for sale of every 100 pieces.