Gold soars to record high of ₹80,650/10 gms, silver jumps by ₹5,000/kg to all-time high

Extending its gains for fourth straight day, silver prices hit a fresh record high of Rs 99,500 per kg from previous close of Rs 94,500 per kg on Friday

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NEW DELHI: Gold prices surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association.

Extending its gains for the fourth straight day, silver prices spurted by Rs 5,000 to hit a fresh record high of Rs 99,500 per kg from the previous close of Rs 94,500 per kg on Friday.

According to commodities market experts, the ongoing bullish sentiment in the silver market is primarily driven by industrial demand and gold's rally.

Silver's upward momentum appears strong. Investors are likely to continue to view dips as buying opportunities, keeping the white metal well-supported in the coming sessions, they said.

Additionally, gold of 99.5 per cent purity climbed Rs 750 to hit a new record high of Rs 80,250 per 10 grams.