Gold zooms to all-time high on safe-haven purchases amid global volatility

The price of silver, too, jumped to ~46,165 a kg on Monday

Gold price on Monday jumped by 0.2 per cent to hit its highest level, as investors bought additional quantity in safe-haven assets, with economic stimulus announced by major economies, amid global volatility .

In Mumbai's Zaveri Bazaar, standard gold soared to trade at a record high of Rs 40,701 per 10 g, against Rs 40,617 per 10 g at close on Friday. Following a similar trajectory, silver prices also jumped to Rs 46,165 a kg from Rs 46,000 a kg on Friday.

Gold sales in India have come to a standstill as buyers await corrections to place new orders. However, sporadic