₹48,333 per 10 gram, surpassing previous high of ₹48,289. Silver rates dropped with futures on MCX edging lower by 0.14% to ₹48,716 per kg.
In global markets, gold prices jumped to its highest level in about eight years. Surging coronavirus cases across the world and hopes of more stimulus measures lifted the demand for gold.
In global markets, spot gold was up 0.2% at $1,769.59 per ounce. Earlier in the session, it hit $1,773, its highest level since late 2012.
US gold futures rose 0.4% to $1,789.20. Coronavirus cases in the U.S. surged 25% in the week ended June 21 compared from the week before, according to estimates.