In the last five sessions, the yellow metal prices have risen by `5,800 per 10 grams

PTI New Delhi

Gold prices climbed by Rs 800 to hit a fresh all-time high of Rs 1,03,420 per 10 grams in the national capital on Friday due to persistent buying by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity added Rs 3,600 in the preceding session to hit a new closing peak of Rs 1,02,620 per 10 grams.

In the national capital, gold of 99.5 per cent purity also jumped by Rs 800 to hit a fresh peak of Rs 1,03,000 per 10 grams (inclusive of all taxes) on Friday, surpassing its earlier lifetime high of Rs 1,02,200 per 10 grams recorded after Thursday's session.

In the last five sessions, the yellow metal prices have risen by Rs 5,800 per 10 grams. "Gold prices rise after US imposed a 39 per cent tariff on 1 kg and 100-ounce of gold bars imported from Switzerland, disrupting a key supply route and injecting fresh volatility into the bullion market.

"The reclassification of these bars under a taxable category ended their long-standing exemption, as Switzerland is a major refining hub and the move has created supply-side uncertainty and revived safe-haven interest in gold amid broader geopolitical tensions," Abans Financial Services' CEO Chintan Mehta said.

Silver prices also rallied Rs 1,000 to Rs 1,15,000 per kilogram (inclusive of all taxes) on Friday. It had settled at Rs 1,14,000 per kg on Thursday, as per the association.