Gold Surges Past ₹1.41 Lakh, Silver Breaks Records Amid Global Tensions

• Gold for February delivery on MCX hit a record high of ₹1,41,250 per 10 grams, surging by ₹2,431 (1.8%).
• Silver for March delivery on MCX also broke records, jumping by ₹11,271 (4.46%) to ₹2,63,996 per kilogram.
• International markets saw similar surges: Comex gold reached $4,612.7 per ounce, and silver hit $83.90 per ounce.
• The surge is attributed to growing concerns over the US Federal Reserve's independence, a weakening dollar index (around 99.03), and geopolitical tensions.
• Global uncertainties, including US-Iran tensions and the Ukraine crisis, are driving investors towards safe-haven assets like gold and silver.

Why It Matters: Gold and silver hit record highs globally, driven by geopolitical tensions, dollar weakness, and Fed uncertainty.