Silver surges, gold falls

Silver prices soared %1,000 to hit a fresh peak of 71,08,100 per kilogram in the national capital Monday, in line with firm global cues, according to the All India Sarafa Association.

- PRESS TRUST OF INDIA

On Saturday, the metal traded flat at &1,07,100 per kg (inclusive of all taxes). Prior to that, the white metal on Friday had soared %3,000 to hit another record high of %1,07,100 per kilogram.

Traders said silver prices surged due to strong investor demand, a weak dollar against major currencies, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors.

Gold of 99.9 per cent purity fell 2280 to 297,780 per 10 grams (inclusive of all taxes) Monday.