Gold Prices Hit Record ₹1.3 Lakh per 10g in Delhi; Silver Soars Amid Global Rally

New Delhi: Gold prices shot up sharply on Monday, rising by ₹9,700 to touch a new lifetime high of ₹1,30,300 per 10 grams in the national capital. The surge was driven by safe-haven demand amid a weakening rupee and global market optimism for precious metals.According to data from the All India Sarafa Association, gold of 99.9% purity, which was priced at ₹1,20,600 on Friday, recorded a steep jump, while 99.5% purity gold climbed by ₹2,700 to reach ₹1,22,700 per 10 grams (inclusive of taxes).

Silver followed the same upward trend, with prices soaring by ₹7,400 to reach ₹1,57,400 per kilogram, compared to ₹1,50,000 in the previous session — marking a strong demand both in domestic and global bullion markets.In the international market, spot gold surged nearly 2% to an all-time high of USD 3,949.58 per ounce, while silver advanced by over 1% to USD 48.75 per ounce, reflecting continued investor preference for safe assets amid global economic uncertainty.

Experts attribute the spike to geopolitical tensions, currency volatility, and hedging strategies adopted by investors amid global inflationary pressures.