New Delhi, Oct 23
Gold prices surged by Rs 350, reaching a fresh all-time high of Rs 81,000 per 10 grams in the national capital on Tuesday, while silver soared by Rs 1,500, breaking the Rs 1 lakh mark at Rs 1.01 lakh per kg, continuing its upward momentum for the fifth straight day.
The rise in silver prices is attributed to industrial demand, especially in the photovoltaic and jewellery sectors, while geopolitical tensions and global economic concerns have fueled the rise in gold prices. Both metals are expected to remain bullish, with market analysts predicting further price hikes as Diwali approaches.
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