Gold prices surged by Rs 9,700 to Rs 1,30,300 per 10 grams in Delhi on Monday amid a depreciating rupee and safe-haven buying. Silver also rose sharply, reflecting strong demand in both domestic and international market

New Delhi: Gold prices skyrocketed by Rs 9,700 to scale a fresh peak of Rs 1,30,300 per 10 grams in the national capital on Monday, lifted by safe-haven buying in the overseas markets and depreciation in the rupee.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,20,600 per 10 grams on Friday. In the local bullion market , gold of 99.5 per cent purity jumped by Rs 2,700 to hit a record high of Rs 1,22,700 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,20,000 per 10 grams in the previous

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