Gold, Silver Prices Surge on Makar Sankranti Amid Global Uncertainty

• Gold prices increased on Makar Sankranti, with 24-carat gold reaching Rs 142690 per 10 grams in Delhi and Rs 142540 in Mumbai.
• Silver also saw a significant jump, hitting Rs 275100 per kilogram in India and $85.64 per ounce internationally.
• The surge in gold and silver is attributed to fresh demand for safe-haven assets due to global uncertainty.
• Geopolitical concerns, including unrest in Iran and the Russia-Ukraine conflict, are contributing to the rise.
• Expectations of further interest rate cuts by the US Federal Reserve and a criminal investigation against Fed Chairman Jerome Powell are also impacting investor sentiment.

Why It Matters: Gold and silver prices are soaring due to global geopolitical tensions and economic uncertainties.