Setting a new record, gold prices in Delhi surged by ₹9,700 to reach an all-time high of ₹1,30,300 per 10 grams on Monday. The sharp rise was driven by strong safe-haven demand in global markets and a weakening rupee.

In the local bullion market, gold of 99.5% purity jumped by ₹2,700 to hit a record ₹1,22,700 per 10 grams, compared to ₹1,20,000 in the previous session.

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According to the All India Sarafa Association, gold of 99.9% purity had closed at ₹1,20,600 per 10 grams on Friday.

Across India, 24-carat gold has crossed ₹12,000 per gram, while 22-carat rates have risen above ₹11,000.

In the international market, spot gold climbed nearly 2% to an all-time high of $3,949.58 per ounce, while silver advanced over 1% to $48.75 per ounce.

The rise in gold prices is being fu

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