#New Delhi

Gold prices skyrocketed by Rs 2,700 to scale a fresh peak of Rs 1,23,300 per 10 grams in the national capital on Monday, lifted by safe-haven buying in the overseas markets.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,20,600 per 10 grams on Friday.

Gold of 99.5 per cent purity jumped by Rs 2,700 to hit a record high of Rs 1,22,700 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,20,000 per 10 grams in the previous market session.

“Gold reached new record high as investors prefer bullion despite high price. They are anticipating further gains in bullion backed by favourable fundamentals and strong bullish momentum,” Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

Silve

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