Dhanteras is just a day away, and gold and silver seem to be in a race to reach record highs everyday. Both gold and silver prices are soaring to historic highs in global and domestic markets.
Gold touched a new peak above $4,300 an ounce on Friday, marking its best weekly performance in five years, while silver surged past $54 an ounce, breaking its all-time record from 1980.
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In India, gold futures opened at Rs 1,31,429 per 10 grams on the Multi Commodity Exchange (MCX) and continued to trade above Rs 1,31,600 during the session.
Silver too is trading at a record high of Rs 1.68 lakh per kilogram. The rally has been supported by global uncertainty, including weakness in US regional banks, trade frictions, and expectations of further interest rate cuts.
GLOBAL UNCERTAINTY DRIVING INVESTOR INTEREST
The sharp rise in bullion prices reflects growing investor appetite for safe-haven assets amid global tensions.
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