Gold price tops record Rs 40,000, silver price rose by Rs 200 to Rs 49,050 per kg

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New Delhi: On Thursday, Gold prices jumped Rs 250 to breach record of Rs 40,000 per 10 g level for the 1st time at bullion market here on strong demand from the investors amid growing fears of the global economic slowdown.

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Maintaining its record-breaking run for 2nd day, gold spurted by Rupees 250 to a fresh life-time high Rs 40,220 per 10 g, according to All India Sarafa Association. The precious metal had soared by Rupees 300 to close at Rupees 39,970 per 10 g on Wednesday.

Closing in on Rs 50,000-mark, silver rose by Rupees 200 to Rs 49,050 per kilograms on robust demand from the industrial units and coin makers amid strong overseas trend.

Fresh buying by jewelers ahead of festive season also aided rally in precious metal.

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