Gold Hits Record High on MCX Amid Geopolitical Tensions; Investment Opportunities Emerge

• Gold prices surged to a record high on MCX on Friday, January 23, driven by increased demand for safe-haven assets.
• Geopolitical and geo-economic risks, coupled with a weaker US dollar, are fueling the rally in both gold and silver.
• MCX Gold February futures traded at 157,900 per 10 grams, up approximately 1%, while Silver March futures rose by 2.31%.
• International gold prices also reached record highs, with US Gold Futures for February exceeding $4,969.69 per troy ounce.
• Experts recommend buying MCX Gold Mini February and MCX Crude Oil February contracts for potential earnings today.

Why It Matters: Gold and silver prices are soaring to record highs due to global uncertainties, creating new investment avenues.