Gold prices on Wednesday jumped to record high of Rs 49,440 from Rs 49,343 per 10 gram while prices of silver also rallied from Rs 54,500 to close at Rs 54,850 per kg, according to India Bullion and Jewellers Association.
Rising number of Covid-19 cases pushed up prices of gold and silver to all-time high, as investors look for safe-haven assets.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, the price of 22-carat gold rose to Rs 47,900 per 10 gram. Gold in 24