A retail investment frenzy in silver driven by social media has left dealers from the United States to Singapore scrambling for bars and coins to meet demand.
Spot gold was almost flat at $1,893.84 per ounce by 1000 GMT, but was up more than 24% for the year, its best since 2010. U.S. gold futures were up 0.3% to $1,898.70
Gold prices continued their upward trend as the per tola price of the precious metal on Monday witnessed an increase of Rs100 to Rs113,450 in the domestic market.