NEW DELHI, Jan. 22 -- Gold and silver prices retreated from record highs in the national capital on Thursday as investors turned to profit-booking amid subdued global cues and easing demand for safe-haven assets, according to the All India Sarafa Association.
The yellow metal of 99.9 per cent purity declined by Rs 2,500, or 1.56 per cent, to Rs 1,57,200 per 10 grams (inclusive of all taxes) on Thursday, after closing at the highest-ever level of Rs 1,59,700 per 10 grams in the previous session. Silver ended its unprecedented nine-day rally, tumbling by Rs 14,300, or 4.3 per cent, to Rs 3,20,000 per kilogram (inclusive of all taxes) from the previous close of Rs 3,34,300 per kg. The white metal surged by Rs 11,300 on Wednesday.
"Gold and s...