Daijiworld Media Network – New Delhi

New Delhi, Jan 20: Silver prices outshone gold in the bullion market on Tuesday, surging to a record Rs 3.23 lac per kilogram, even as gold crossed the key Rs 1.5 lac per 10-gram milestone in the national capital amid robust domestic and international demand.

According to the All India Sarafa Association, gold of 99.9% purity jumped by Rs 5,100 to trade at ?1,53,200 per 10 grams (inclusive of all taxes), compared with the previous close of Rs 1,48,100 per 10 grams.

Silver prices strengthened sharply in the local market, climbing Rs 20,400, or nearly 7%, to Rs 3,23,000 per kilogram (inclusive of all taxes). The rally continued gains from Monday, when silver had already surged Rs 10,000 to breach the Rs 3 lac-per-kilogram mark in the national capital.

Global cues supported the bullish trend. According to Forex.com, spot gold crossed the US $4,700 per ounce level for the first time, rising US $66.38, or 1.42%, to US $4,737.40 per ounce. Spot silver also hit a fresh record of US $95.88 per ounce in overseas trade.