📈 Gold & Silver Prices Hit Record Highs as Geopolitical Tension & Weak Dollar Drive Safe-Haven Buying
Gold and silver have jumped sharply in price — with MCX gold surpassing ₹1.50 lakh per 10 g and MCX silver crossing the ₹3 lakh per kg mark — as global trade tensions, safe-haven demand, and a weakening U.S. dollar push precious metals to fresh highs.
Key Facts:
• MCX gold climbed sharply, trading above ₹1.50 lakh per 10 g for the first time.
• MCX silver rallied over 7 % and touched a lifetime high above ₹3 lakh per kg.
• The gold–silver ratio is tightening to around 50, indicating silver catching up to gold momentum.
• Prices are supported by safe-haven demand amid geopolitical stress and currency weakness.
Expert Insight:
With both metals breaking record resistance levels — gold above ₹1.50 lakh and silver near ₹3 lakh — the global macro backdrop remains constructive for precious metals, with traders watching for further upside if geopolitical risks persist.
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