The price of gold in Ahmedabad reached a new record high of Rs 80,700 per 10 grams on Monday, marking the sixth consecutive trading session of increase. Silver prices also rose to Rs 97,000 per kg, with some areas seeing prices as high as Rs 99,500 per kg due to premiums. Experts believe the rise in precious metal prices is due to factors such as safe-haven demand, tensions in the Middle East, and global economic uncertainty. Additionally, the demand from the electric vehicle sector and photovoltaic applications is expected to continue driving up silver prices in the medium to long term.
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