Gold, Silver Soar to Fresh Highs in India Amid Geopolitical Uncertainty

• Gold and silver prices in India reached new record highs on January 28.
• The rally is attributed to geopolitical uncertainty, central bank gold stacking, and economic volatility.
• On MCX, February gold futures rose 1.96% to Rs 1,60,789 per 10 grams; March silver futures jumped 5.62% to Rs 3,76,300 per kg.
• At COMEX, gold surged over 2% to $5,227.50 per ounce, and silver rose 8.52% to $114.99 per ounce.
• Key factors influencing Indian gold prices include international rates, import duties, taxes, and exchange rate fluctuations.

Why It Matters: Gold and silver prices hit record highs in India due to global uncertainties and strong demand.