Gold, Silver Hit Record Highs Amid Geopolitical Tensions; Experts Predict Further Surge

• Gold and silver prices reached all-time highs on January 12, driven by geopolitical uncertainty and increased risk aversion.
• On MCX, gold surged 1.5% to ₹1.40 lakh per 10 grams, touching ₹1.41 lakh earlier in the session.
• Silver also saw a significant jump of 3.8% to ₹2.62 lakh per kilogram on MCX, hitting ₹2.63 lakh during the day.
• International spot gold climbed over 1% to nearly $4,567 per ounce, while spot silver surpassed $83 per ounce.
• Experts attribute the rally to rising demand for safe-haven assets, geopolitical tensions (Iran, Russia-Ukraine), and expectations of easier US monetary policy.

Why It Matters: Gold and silver prices are soaring to record highs due to global instability, with further increases expected.