MUMBAI: Amid escalating global tensions, gold prices surged by ₹817 today, touching a historic high of ₹1.60 lakh per 10 grams. The precious metal has seen a massive ₹26,000 jump this year alone. Simultaneously, silver spiked by ₹2,080 to reach ₹2.63 lakh per kg. Investors are flocking to bullion as a hedge against the ongoing Iran-Israel conflict and rising inflation.