New Delhi, Jan. 23 -- Extending the Thursday evening rally during the early morning deals on Friday, gold and silver rates today opened with an upside gap and touched new highs respectively. Gold rate today opened upside in the international market and hit a new peak of $4,969.69 per ounce. Likewise, silver rate today opened with an upside gap and touched an intraday high of $98.980 per ounce, logging an intraday gain of around 2.50%.

Looking at the recent rallies in gold and silver prices, a marginal investor may shudder at the thought of missing the moment, even though experts remain bullish on these two precious metals. Jefferies has predicted gold prices at $6,600 per ounce; Yardeni Group $6,000; UBS at $5,400; JP Morgan and Charles ...