New Delhi, Oct 14 (PTI) Gold prices on Tuesday surged by Rs 2,850 to reach an all-time high of Rs 1,30,800 per 10 grams in the national capital, driven by heavy festive buying by retailers and jewellers ahead of 'Dhanteras'.

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,27,950 per 10 grams on Monday.

Gold of 99.5 per cent purity also advanced by Rs 2,850 to hit a record Rs 1,30,200 per 10 grams (inclusive of all taxes), from the previous close of Rs 1,27,350 per 10 grams.

So far this year, gold prices have increased by Rs 51,850 or 65.67 per cent from Rs 78,950 per 10 grams on December 31, 2024.

"Gold and silver have hit new highs, propelled by geopolitical concerns, supply constraints, and strong domestic investment demand

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