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Gold prices nears Rs 1.6 lakh mark; Gold ETF touches record highs

Gold prices surged 0.83 per cent to Rs 1,59,070 per 10 gm, while silver climbed 2.4 per cent. Meanwhile, combined AUM of gold and silver ETFs crossed a record Rs 3 lakh crore in January, reflecting strong investor demand amid market volatility.

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Gold prices on Wednesday surged 0.83 per cent to Rs 1,59,070 per 10 gm for 24-carat gold. Silver prices also rose sharply by 2.40 per cent to Rs 2,59,078 per kg.

The combined assets under management (AUM) of gold and silver exchange‑traded funds (ETFs) touched record highs, crossing Rs 3 lakh crore in January, according to the data from the Association of Mutual Funds in India (AMFI). 

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