Gold, silver rise to fresh records

New Delhi: Gold prices rose to a fresh lifetime high of Rs 1,38,200 per 10 grams, gaining Rs 1,685, in the national capital following the precious metal scaling record highs in the global markets, according to the All India Sarafa Association.

Silver prices also raced to hit an all-time high of Rs 2,14,500 per kilogramme in the capital, up by Rs 10,400 per kg. In the international markets, spot gold increased by $80.85, or 1.86 per cent, to hit a record of $4,420.35 per ounce.

Spot silver appreciated by $2.31, or 3.44 per cent, to hit a lifetime high of $69.45 per ounce in the overseas markets. “Bullish momentum extended in bullion, with gold and silver surging to another fresh record high on Monday,” Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.