Mumbai: Gold and silver prices witnessed a meteoric rise on Monday, with both precious metals surging to new all-time highs in domestic and international markets.

According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold soared by Rs 2,630 to hit a new all-time high at Rs 1,24,155, up from Rs 1,21,525 on Friday. Similarly, 22-carat gold rose to Rs 1,13,726 per 10 grams from Rs 1,11,317, while 18-carat gold climbed to Rs 93,116 from Rs 91,144 per 10 grams.

Silver followed the same trend, registering a sharp rise of Rs 10,825 to touch Rs 1,75,325 per kg – a new all-time high, compared to Rs 1,64,500 in the previous session.

The rally extended to the futures market as well. On the Multi-Commodity Exchange (MCX), gold futures for December 5, 202

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