PTI New Delhi

Rising for the third straight session, gold prices on Wednesday rallied by Rs 1,000 to scale an all-time high of Rs 1,31,800 per 10 grams in the national capital on continuous buying by retailers and jewellers amid the ongoing festive season.

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,30,800 per 10 grams on Tuesday. However, silver prices retreated from the record levels, plunging by Rs 3,000 to Rs 1,82,000 per kg (inclusive of all taxes).

"Gold climbed to fresh record highs on Wednesday, driven by the strong global price rally and robust domestic physical and investment demand. "While the rupee's appreciation acted as a crucial headwind, limiting gains in the domestic market, however, the overall momentum remains firmly bullish, a trend traders expected to continue amidst peak festive season buying," Dilip Parmar, Research Analyst of HDFC Securities, said.

In the international markets, spot gold rose to hit a lifetime high of USD 4,218.32 per ounce. Gold ETFs record 6-fold jump in Sep inflows

Gold ETFs saw a sixfold rise in inflows in September due to geopolitical tensions, central bank purchases, and expectations of US interest rate cuts, a report said on Wednesday.  Net inflows rose by 578.28% to Rs 8,363.13 crore in September 2025, up from Rs 1,232.99 crore last year, the report from ICRA Analytics said. Net inflow has witnessed a CAGR growth of 69.53% over last 5 years from Rs. 597.26 crore in September 2020, the report noted.