NEW DELHI: Precious metal prices witnessed significant volatility today as gold surged by ₹4,000 per 10 grams over the last 48 hours, reaching a price of ₹1.59 lakh. In contrast, silver prices dropped by ₹1,163 today, settling at ₹2.63 lakh per kilogram. Market experts attribute this trend to shifting global trade dynamics and increased safe-haven demand.