New Delhi, Jan 20: Gold prices surged sharply on Tuesday, crossing the significant Rs 1.5 lakh per 10 grams level in the national capital, amid strong demand in both domestic and global markets, according to the All India Sarafa Association.
The price of gold of 99.9 per cent purity rose by Rs 5,100 to settle at Rs 1,53,200 per 10 grams, inclusive of all taxes. In the previous session, the precious metal had closed at Rs 1,48,100 per 10 grams.
Silver also witnessed a strong rally and touched an all-time high in the local bullion market. The metal jumped by Rs 20,400, nearly a 7 per cent increase, to reach Rs 3,23,000 per kilogram, inclusive of all taxes.
A day earlier, silver prices had already climbed by Rs 10,000, crossing the Rs 3 lakh per kilogram mark in the national capital for the first time.
In the international market, gold continued its upward momentum. According to forex.com, spot gold crossed the USD 4,700 per ounce level for the first time, rising by USD 66.38, or 1.42 per cent, to trade at USD 4,737.40 per ounce.
Spot silver also touched a fresh record overseas, climbing to USD 95.88 per ounce, reflecting sustained global demand for the precious metals.
