Gold, Silver Prices Skyrocket: "Lakshmanrekha" Crossed, What's Next?

• Gold and silver prices witnessed an unprecedented surge on Tuesday, January 20, reaching record highs due to global market volatility.
• Silver prices increased by 17,000 rupees per kilogram in a single day on MCX, becoming 11.18% more expensive in just two trading sessions.
• Gold crossed the 1.5 lakh rupees per 10 grams mark for the first time, rising by approximately 3 percent.
• International markets also saw record highs, with Gold Futures on Comex exceeding $4700 per ounce and Silver Futures reaching $94.74 per ounce.
• Reasons for the surge include global economic uncertainty, demand for safe-haven investments, and geopolitical tensions (Iran, Venezuela, NATO concerns).

Why It Matters: Gold and silver hit unprecedented highs globally due to economic uncertainty and geopolitical tensions.