Gold and Silver Prices Skyrocket to All-Time Highs Amid Global Uncertainty

• Gold and silver prices have reached unprecedented all-time highs, setting new records in both Indian and international markets.
• In a single day, gold prices surged by 11,000 rupees per kilogram, and silver by 25,000 rupees per kilogram.
• In January, 10 grams of pure gold increased by 42,000 rupees, and one kilogram of silver by 1,67,000 rupees, marking the fastest rise in history.
• Factors contributing to the surge include strong safe-haven demand, central bank purchases, a weaker dollar, geopolitical issues, and economic uncertainty.
• Gold is increasingly viewed as a reliable asset for investment diversification, moving beyond just a crisis or inflation hedge.

Why It Matters: Gold and silver prices hit record highs due to safe-haven demand, geopolitical tensions, and economic uncertainty.