Silver surges 6%, gold adds Rs 1,300

New Delhi: Silver prices climbed more than 6 per cent to Rs 2.72 lakh per kilogram in the national capital, while gold rose nearly 1 per cent to Rs 1.58 lakh per 10 grams, driven by firm global trends and a weaker US dollar.

According to local marketmen, the white metal climbed Rs 17,000, or 6.66 per cent to Rs 2,72,000 per kilogram, from Friday’s closing level of Rs 2,55,000 per kg.

In addition, gold of 99.9 per cent purity increased Rs 1,300, or 0.83 per cent to Rs 1,58,500 per 10 grams. It had closed at Rs 1,57,200 per 10 grams in the previous session.

“Gold traded higher on Monday, supported by a pullback in the US dollar and bargain buying. The dollar index is trading lower by almost 0.30 per cent at 97 level, offering support to bullion prices,” Saumil Gandhi, Senior Analyst -- Commodities at HDFC Securities -- said.

He added that broader global macro uncertainty and President Donald Trump’s frequent and unpredictable rhetoric on geopolitical and tariff-related issues underpin safe-haven demand for precious metals.