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

Mumbai : Gold prices on Monday touched an all-time high of Rs 35,970 per 10 gram in Delhi after gaining Rs 100 due to continued buying from jewellers, according to the All India Sarafa Association.

The silver prices also saw a rise of 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.

According to some of the market experts, the hike in gold prices is a result of increased demands from the 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.

Globally, spot gold was trading almost flat at USD 1,425.60 an ounce, while silver quoting higher at USD 16.40 per ounce.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity gained Rs 100 each to Rs 35,970 and Rs 35,800 per 10 gram, respectively.