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Gold today advanced for a second day on speculation that the biggest slump in three decades will increase purchases from investors and consumers.
The gold gained 1.3 per cent to $1,386.25 an ounce.
Prices touched $1,321.95 yesterday, the lowest since January 2011.
However, silver fell 0.2 per cent to $23.35 an ounce.
Bullion has lost 17 per cent in 2013 after rising six—fold in a 12 year rally through last year. The metal slipped into a bear market on April 12 on speculation central banks in Europe may sell holdings to raise funds and that a US recovery would spur the Federal Reserve to rein in stimulus.
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