Prices of precious metals climbed by as much as 2 per cent in the national capital on Wednesday, with silver reaching Rs 2.77 lakh per kilogram and gold moving up to Rs 1.64 lakh per 10 grams, supported by firm global cues and continued demand for safe-haven assets.
Data from the All India Sarafa Association showed that silver prices rose by Rs 5,900, or about 2 per cent, to Rs 2,77,900 per kg (including all taxes), compared with the previous close of Rs 2,72,000 per kg on Tuesday.
Gold of 99.9 per cent purity extended its upward trend for the fifth straight session, gaining Rs 1,000, or nearly 1 per cent, to reach Rs 1,64,200 per 10 grams (inclusive of all taxes). In the preceding session, the metal had finished at Rs 1,63,200 per 10 grams.