Gold prices reached a new all-time high of ₹84,900 per 10 grams in the national capital on Friday, driven by strong domestic demand and favorable global factors, according to the All India Sarafa Association.

The 99.9% pure gold continued its upward trend for the third consecutive session, rising by ₹1,100 to set the new record at ₹84,900 per 10 grams.

Since January 1, the yellow metal has surged by ₹5,510, or 7%, from ₹79,390 per 10 grams in the local market.

Gold with 99.5% purity also saw a rise of ₹1,100, reaching a new peak of ₹84,500 per 10 grams, up from ₹83,400 per 10 grams in the previous session.

Silver also saw an increase of ₹850, reaching ₹95,000 per kg on Friday, compared to ₹94,150 per kg on Thursday.

“The bullish momentum in precious metals continues, with spot gold reaching a new all-time high and surpassing the USD 2,800 threshold in the intraday trade on Friday, while the spot gold price in the Delhi market crossed the ₹84,000-mark,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.