Gold prices jumped upwards to set another high of Rs 6720 per ten gram on the bullion market on Saturday on sustained buying to meet the marriage season demand.
Trading sentiment remained bullish as stockists continued to enlarge their positions to meet the ongoing demand.
Marketmen said buying was going on as stockists and jewellery fabricators feared a further surge in the yellow metal prices in overseas market on reopening on Monday.
The international market, which governs prices in domestic markets in the Asian region, was close for a long weekend due to 'Thanksgiving' holiday.
There was demand for the ongoing marriage season and a record number of marriages this week, over 14,000 in a day, mainly supported the rising trend, marketmen said. A similiar trend was noticed in silver as main users such as industrial units continued to purchase at rising levels.
Silver ready shot up by Rs 90 at Rs 11,850 per kilo and weekly-based delivery by Rs 125 at Rs 11,685 per kilo. Silver coins were asked at previous levels of Rs 15,000 for buying and Rs 15,200 for selling of 100 pieces.
Standard gold and ornaments were higher at Rs 6720 and Rs 6570 per ten gram respectively. Sovereign was also at a new record of Rs 5400 per piece of eight gram.