Gold prices surged by Rs 3,200 to touch a new lifetime high of Rs 1,34,800 per 10 grams in the national capital on Friday, buoyed by strong festive buying by jewellers and retailers ahead of Dhanteras, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity had ended at Rs 1,31,600 per 10 grams in the previous session.

In tandem, gold of 99.5 per cent purity also jumped by Rs 3,200 to scale an all-time high of Rs 1,34,200 per 10 grams (inclusive of all taxes), up from Thursday’s close of Rs 1,31,000 per 10 grams.

Traders said buying activity picked up sharply as stockists built fresh positions on expectations of higher sales during the festive season. Dhanteras, considered an auspicious day in Hindu tradition for buying precious metals, will be celebrat

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