Gold prices soared in 2007 amid softening of dollar and rising crude oil to touch an all-time high of Rs 10,820 per 10 gram in New Delhi bullion market, giving a heavenly bet to investors.Analysts said a tense geo-political situation following the assassination of former Pakistan Prime Minister Benazir Bhutto too added the rising spree of the precious metal.Gold is considered a safe bet during the times of crises. The situation in Pakistan led to safe-haven buying in gold and boosted the metal prices, they added.In Mumbai bullion, Standard gold (99.5 purity) rose by Rs 1,545 per 10 gram to Rs 10,715 against the last year-end''s level of Rs 9,170, showing a rise of 16.85 per cent.
Pure gold (99.9 purity) also spurted by Rs 1,550 per 10 gram to Rs 10,765 from Rs 9,215 previously, disclosing a gain of 16.82 per cent. Silver, on the other hand, has been more or less steady on uneven demand and supply transactions. Silver (.999 fineness) eased by Rs 80 per kilo to Rs 19,455 from Rs 19,535 last year.
Pure gold (99.9 purity) also spurted by Rs 1,550 per 10 gram to Rs 10,765 from Rs 9,215 previously, disclosing a gain of 16.82 per cent. Silver, on the other hand, has been more or less steady on uneven demand and supply transactions. Silver (.999 fineness) eased by Rs 80 per kilo to Rs 19,455 from Rs 19,535 last year.
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