Gold rises Rs 300 to Rs 89,300/10 g, silver rallies Rs 1,000

The precious metal had settled at Rs 89,000 per 10 grams in the previous market session. On February 20, gold hit a record high of Rs 89,450 per 10 grams. Read further on Dynamite News:

New Delhi: Gold prices rose by Rs 300 to trade near a record high at Rs 89,300 per 10 grams in the national capital on Wednesday amid a strong global trend, according to the All India Sarafa Association.

The precious metal had settled at Rs 89,000 per 10 grams in the previous market session. On February 20, gold hit a record high of Rs 89,450 per 10 grams.

"Gold prices continued their upward trend on Wednesday, extending their winning streak for the third day in a row as the demand for safe-haven assets and soft US dollar supported yellow metals," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.