Gold Hits Record High, Silver Crosses Rs 3 Lakh Amid Geopolitical Risks
Commodity
M
Moneycontrol•19-01-2026, 10:47
Gold Hits Record High, Silver Crosses Rs 3 Lakh Amid Geopolitical Risks
- •Gold prices on MCX surged to a record high of Rs 144,870 per 10 grams, up 1.67%.
- •Silver futures crossed Rs 300,000, trading at Rs 300,239 per kilogram, a 4.37% increase.
- •The sharp rise is attributed to increased geopolitical risks, including US President Donald Trump's tariff threat on Greenland and European countries.
- •Investors are flocking to safe-haven assets due to concerns about a potential global economic recession.
- •Experts recommend buying MCX Gold February contract and MCX Natural Gas January contract for earning opportunities.
Why It Matters: Gold and silver prices soared to record highs due to escalating geopolitical tensions and recession fears.
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