New Delhi, March 15 -- The precious yellow metal continued its relentless rally for the second consecutive week after witnessing a slight breather and zoomed to new record highs at the international and domestic markets. On the domestic front, the MCX gold rate surged to a new peak of Rs.88,310 per 10 gm; on the global front, it climbed to a new peak of $3,004.90 per ounce. Year-to-date, gold prices have risen by around 14%, driven by multiple macroeconomic and geopolitical factors. In this bull trend in the bullion market, silver rates also witnessed sharp upside movement. MCX silver rate touched a new peak of Rs.1,01,999 per kg on Friday and finally ended at Rs.1,00,761.

Speaking on the rally in gold and silver rates today, Jateen Triv...