Gold ends at new all-time high of Rs 48,925 amid fears of another lockdown

Silver up 2.6% to cross Rs 50,000 a kg as safe-haven demand rises

A sharp global rally in gold on Wednesday pushed the spot price in Mumbai’s Zaveri Bazar to a new all-time high of Rs 48,925 per 10 gram (standard gold), up 1.4 per cent. With the addition of 3 per cent GST, the price of the yellow metal exceeded Rs 50,000 per 10 gram.  
 

Silver, too, breached the Rs 50,000 mark for the first time and closed at Rs 50,140 a kg, a 2.6 per cent jump from Tuesday.

Gold futures in the US had crossed the $1,800-an ounce mark earlier, but for the first time in 8 years, even the spot