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Gold prices in the national capital soared to a fresh record on Monday, with standard gold (99.9% purity) climbing Rs 2,700 to settle at Rs 1,23,300 per 10 grams, up from Rs1,20,600 on Friday. Silver followed suit, rising ₹7,400 to an all-time high of Rs 1,57,400 per kilogram, according to the All India Sarafa Association.

Bullion traders attributed the sharp rise to strong safe-haven buying as investors turned cautious amid persistent inflation worries, global economic uncertainty, and a weakening rupee.

“Gold continues to attract demand as a hedge against volatility,” said a Delhi-based bullion dealer, adding, “Despite high prices, festive season buying remains strong, especially in physical markets.”

Internationally, spot g

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