SRINAGAR : Gold prices in the national capital soared by Rs 3,040 to Rs 1,33,200 per 10 grams on Monday, driven by robust global trends and a weakening US dollar, according to the All India Sarafa Association. The sharp rise places the metal within striking distance of its all-time high. Follow Us On G -N e w s | Whatsapp

The association said gold of 99.5 per cent purity also climbed by Rs 3,040 to Rs 1,32,600 per 10 grams, inclusive of all taxes, as steady jewellery demand during the peak wedding season added momentum. Traders noted that gold is now nearing its record levels of Rs 1,34,800 (99.9 per cent purity) and Rs 1,34,200 (99.5 per cent purity).

Analysts attributed the surge to expectations of an imminent US Federal Reserve rate cut, a softening dollar, upb

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