Sensex down 96 points; gold touches new heights
Mumbai: War fears with Pakistan continued to drive stock values down on panic selling, pushing the benchmark indices down for the sixth session in a row. BSE Sensex fell to a six-month low of 3186.53 points, the previous low being set in November 2001.
Gold prices zoomed to a seven-year high, with 24-carat gold touching Rs 5,235 per 10 gm and 10 tola bar rising to Rs 61,500. Silver was also at a high of Rs 8,210 per kg (.999 fineness). But the rupee recovered by 5 paise to 48.98/99 on heavy selling of the US dollar. Securities also improved by around 25-30 paise.
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