Gold, Silver Soar in Delhi as Crude Oil Prices Fall

Gold prices in Delhi surged by ₹1,600 to ₹1.56 lakh per 10 grams on Friday, while silver jumped by ₹5,000 to ₹2.47 lakh per kg.

The recovery in gold rates was attributed to a softer dollar and treasury rates following the Federal Reserve's rate hike decision, said Gaurav Garg, research head at Lemon, a brokerage platform.

Lower crude oil prices also contributed to the relief from inflation concerns, enabling investors to return to bullion markets after selling.