Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. That has in part been driven by a jump in demand from central banks including in China, Turkey and India, who have added to their gold piles this year to diversify away from the US dollar.

Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold's rally to record peaks as interest rate cuts by major central banks fuelled investment interest in precious metals.

Gold prices continued their run-up on Thursday, with the front-month contract rising for the seventh straight session to yet another record-high, but silver has been riding gold's coattails and its YTD gains have now surpassed the yellow metal.

On Thursday, silver hit $32.43 an ounce, its highest price since 2012. The metal is up 35% so far this year. That beats a 30% rally for gold, which has been trading at all-time hi

Gold prices surged to ₹78,250 per 10 grams in Delhi, up ₹400, influenced by strong global markets. Silver prices reached ₹94,000 per kg, with industrial demand contributing to the rise.