Gold prices surged by Rs 400 to reach a new record high of Rs 85,300 per 10 grams in the national capital on Monday, driven by sustained demand from jewellers and stockists, as reported by the All India Sarafa Association. Traders attributed the rise to the sharp depreciation of the rupee and strong trends in international markets. On Saturday, gold of 99.9% purity had closed at Rs 84,900 per 10 grams, while gold of 99.5% purity rose for the fourth consecutive session, climbing Rs 400 to hit another record high of Rs 84,900 per 10 grams. In the previous trading session, the yellow metal had ended at Rs 84,500 per 10 grams.