Silver surges Rs 3,650 to fresh record, gold slips

New Delhi: Silver prices extended the record-setting rally for the fifth straight day, jumping Rs 3,650 to Rs 2,40,000 per kg in the national capital due to persistent buying by traders, according to the All India Sarafa Association.

The white precious metal had closed at Rs 2,36,350 per kil-ogram on Friday. So far this year, silver prices have delivered remarkable returns, surging 167.55 per cent, or Rs 1,50,300, from Rs 89,700 per kg recorded on December 31, 2024.

Meanwhile, gold of 99.9 per cent purity retreated from its record levels by declining Rs 500 to Rs 1,41,800 per 10 grams (inclusive of all taxes). It had climbed Rs 1,500 to hit a fresh record of Rs 1,42,300 per 10 grams in the previous market session.