The gold price on September 8 broke the record `symbolic' $1000.00 per ounce mark reaching $1004.50 on the 11 am London price fix and topping $1007 during the morning trading.
Before early September, the highest 2009 price was on February 20 when gold fixed -- in the afternoon -- at $989 and it has been traded between $870 and $993. The rise translates to an annual increase of more than 21 per cent on the average price from last September that was $829.93 per ounce.
The new high of $1000 per ounce record follows a sustained rise in price over the past seven years.
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