India, Dec. 26 -- The prices of gold and silver were on a tear for the fifth straight session today as investors continued to pile into safe-haven assets amid risks stemming from US blockade of Venezuelan crude oil shipments.

On the Multi Commodity Exchange, or MCX, the silver rate jumped 4% to an all-time high of Rs.2,32,741 per kg even as the gold rate increased 0.81% to Rs.1,39,216 per 10 gm. The local gold and silver prices were tracking global cues where the yellow metal crossed the $,4500/ounce mark while the white metal rose as much as 4.6% to breach $75/ounce levels for the first time.

The blistering bullion rally "was driven by safe-haven demand, amid mounting geopolitical tensions and expectations of interest rate cuts by the ...