Gold touches all-time high of Rs 35,970 per 10 gram

Gold prices touched a new high of Rs 35,970 per 10 gram in the national capital after gaining Rs 100 on Monday due to continued buying from jewellers, according to the All India Sarafa Association. Silver also followed the suit and gained Rs 260 to Rs 41,960 per kg due to fresh buying from industrial units and coin makers. “Today’s (Monday) gold price of Rs 35,970 per 10 gram is the highest till date,” said Surendra Jain, vice-president of All India Sarafa Association.
Traders attributed the rise in gold prices to strong demand from local jewellers. Besides, the decline in equity markets also aided the rally in the precious metal as investors moved towards safe-haven assets like gold.

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