After record high gold slips Rs 200 to Rs 1.31L/10 grams in Delhi

Gold prices retreated from their record levels on Thursday, declining by Rs 200 to Rs 1,31,600 per 10 grams in the national capital amid profit booking by traders, according to the All India Sarafa Association.

The precious metal of 99.9% purity had climbed by ₹1,000 to hit a lifeitme high of ₹1,31,800 per 10 grams in the previous trade.

In the local bullion market, gold of 99.5% purity also dipped by ₹200 to ₹1,31,000 per 10 grams (inclusive of all taxes). The yellow metal had previously finished at ₹1,31,200 per 10 grams, its all-time high level.

However, silver prices rebounded by surging ₹2,000 to trade near their record high at ₹1,84,000 per kilogram (inclusive of all taxes) in a volatile session. The white metal had touched a record of ₹1,85,000 per kg on Tuesday. In the international markets, spot gold rose nearly 1% to hit an all-time high of $4,246.08 per ounce, extending its recent rally as investors sought refuge in safe-haven assets amid fiscal concerns in the US and rising global tensions.