New Delhi, Nov 19: Gold prices climbed Rs 1,500 to Rs 1,27,300 per 10 grams in the national capital on Wednesday tracking a strong rally in the international rates, according to the All India Sarafa Association.

The precious metal of 99.5 per cent purity jumped Rs 1,500 to Rs 1,26,700 per 10 grams (inclusive of all taxes).

Silver prices also bounced back, surging Rs 4,000 to Rs 1,60,000 per kilogram (inclusive of all taxes), snapping a three-day losing run in the local bullion market.

“Gold advanced on Wednesday, supported by renewed safe-haven demand, while persistent signs of weakness in the US labour market kept expectations for a potential rate cut alive,” Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

On the global front, spot gold extended its gains for th

See Full Page