New Delhi, Sept. 29 -- Gold and silver prices in your city on September 29: The price of gold is nearing record highs today on September 29 (Monday), amid a weak dollar and expectations that the United States Federal Reserve will continue rate cuts through the year.

Spot gold was up 0.5 per cen at $3,776.72 per ounce as of 0150 GMT, as per a Reuters report. Bullion hit a record of $3,790.82 last week. And US gold futures for December delivery were steady at $3,806.20.

Overall, experts feel that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion.

Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from Rs.7,...