New Delhi

Gold prices on Tuesday surged by Rs 2,850 to breach the Rs 1.3 lakh per 10 gram-mark for the first time in the national capital, driven by heavy festive buying by retailers and jewellers ahead of ‘Dhanteras’.

According to the All India Sarafa Association, the precious metal of 99.9% purity jumped Rs 2,850 to a record of Rs 1,30,800 per 10 grams. Gold of 99.5% purity also advanced by Rs 2,850 to hit a new record of Rs 1,30,200 per 10 grams. Silver also surged by Rs 6,000 to hit a lifetime high of Rs 1,85,000 per kg, marking its fifth consecutive day of gains.

Traders attributed the sharp rise in bullion prices to sustained demand from jewellers and retailers in the run-up to the festive and wedding season, along with a weaker rupee that hit its all-time low of 88.81 against the

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