Gold, Silver Hit Record Highs on Dec 24 Amid Rate Cut Hopes & Safe-Haven Demand

• Gold and silver prices reached unprecedented highs on December 24, driven by safe-haven demand and anticipated US interest rate cuts.
• 24-carat gold hit Rs 1,39,080 per 10 grams in Delhi and Jaipur, while silver touched Rs 2,33,000 per kg in the spot market.
• Internationally, gold surpassed $4,500-an-ounce, silver hit $72.70, and platinum reached $2,377.50, all record highs.
• Experts like Ilya Spivak predict gold could target $5,000 and silver $80 in the next 6-12 months due to de-globalization.
• Gold surged over 70% this year, and silver more than 150%, fueled by central bank buying, de-dollarisation, and investment demand.

Why It Matters: Gold and silver soar to record highs globally, driven by safe-haven demand and rate cut expectations.