New Delhi, Dec. 17 -- Gold prices remained higher for the fifth straight session on Wednesday, December 17, even as the Indian rupee staged a strong recovery. The February futures contract on MCX opened higher at Rs.1,35,79, compared to the previous close of Rs.1,34,409, but quickly witnessed a sharp volatility, falling to the day's low of 1,33,373 as a stronger rupee added pressure on domestic prices despite supporting global cues.

Nevertheless, the bullion recovered smartly from the lows to trade at 0.40% higher at 1,34,907 as of 8:40 PM. Meanwhile, the silver prices broke another record high today as the March silver futures contract advanced 4.2% to register a fresh all-time high of Rs.2,06,111 per kilo, bringing the year-to-date ral...