NEW DELHI, Sep 30: Gold prices on Tuesday climbed Rs 500 to touch record Rs 1.20 lakh per 10 grams in the national capital due to a weak dollar and expectations of further rate cuts by the US Federal Reserve.According to the All India Sarafa Association, the yellow metal had rallied Rs 1,500 to close at Rs 1,19,500 per 10 grams on Monday.Gold of 99.5 per cent purity extended the gains for the fourth straight session by rising Rs 500 to hit a record high of Rs 1,19,400 per 10 grams (inclusive of all taxes) in the local bullion market.The precious metal had settled at Rs 1,18,900 per 10 grams in the previous market session.In addition, silver prices increased by Rs 500 to hit a new peak of Rs 1,50,500 per kilogram (inclusive of all taxes) on Tuesday. It had surged Rs 7,000 to hit a fresh peak of Rs 1,50,000 per kg on Monday. (PTI)
