Silver hits Rs 1.5 lakh/kg for first time; gold surges Rs 1,500 to record Rs 1,19,500/10g
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New Delhi (PTI): Silver prices on Monday soared by Rs 7,000 to hit an all-time high of Rs 1.5 lakh per kilogram in the national capital, while gold also scaled a new peak of Rs 1,19,500 per 10 grams amid strong global trends, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity jumped Rs 1,500 to reach a lifetime high of Rs 1,19,500 per 10 grams (inclusive of all taxes), up from Rs 1,18,000 per 10 grams in the previous session.
In the local bullion market, gold of 99.5 per cent purity also rallied by Rs 1,500 to hit a record high of Rs 1,18,900 per 10 grams from Rs 1,17,400 per 10 grams on Saturday.
Silver prices, too, witnessed a sharp rally, climbing Rs 7,000 to touch a record Rs 1,50,000 per kilogram (inclusive of all taxes), extending gains for the fourth straight session. The white metal had ended at Rs 1,43,000 per kg in the previous trade.
In the overseas market, both gold and silver posted robust gains. Spot gold surged nearly 2 per cent to hit an all-time high of USD 3,824.61 per ounce, while silver advanced more than 2 per cent to USD 47.18 per ounce.
According to analysts, the surge in bullion prices was driven by strong global demand and a weakening dollar as investors sought refuge in safe-haven assets amid continued geopolitical and economic uncertainty.
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IPL 2026 to be held between March 26-May 31 window
Mumbai (PTI): The upcoming edition of the Indian Premier League will be held between the March 26 to May 31 window but it remains to be seen if Bengaluru, the home of RCB, holds the opening match.
As per the norms, the M. Chinnaswamy Stadium should host the tournament opener given the home side, Royal Challengers Bengaluru won the IPL 2025 title.
While the venue has received conditional clearance from the Karnataka state government, it also needs to meet the necessary safety and security standards following the death of 11 fans in a stampede during RCB's victory celebrations in June this year.
The mini-auction for IPL 2026 will be held in Abu Dhabi today with three-time winners Kolkata Knight Riders coming in with the biggest purse.
