Gold, Silver Hit Record Highs in India; Check City-Wise Rates Today

• Gold prices in India surged by Rs 5,400, reaching Rs 1,59,710 per 10 grams for 24K gold.
• Silver prices also saw a significant jump of Rs 15,000, hitting a new record of Rs 3,40,000 per kg.
• The surge is attributed to geopolitical uncertainty and a weakening dollar, driving investors towards safe-haven assets.
• On MCX, gold futures for February expiry rose 1.19%, while silver futures for March expiry climbed 2.59%.
• Key factors influencing gold prices in India include international market rates, import duties, taxes, and exchange rate fluctuations.

Why It Matters: Gold and silver prices in India reached new record highs due to global uncertainties and investor demand.