Gold Price Soars Past $5000 for First Time, Sets Historic Record Amid Global Turmoil

• Gold prices have surpassed the $5,000 mark per ounce for the first time, setting a new historic record.
• The surge is driven by increasing global political turmoil, geopolitical risks, and a weakening US dollar.
• Gold prices have more than doubled in the last two years, highlighting its role as a safe haven and a measure of market fear.
• In Hyderabad, 24-carat gold was Rs. 1,60,250 per 10 grams, and silver reached Rs. 3,75,000 per kilogram on January 26.
• Investors are turning to gold due to concerns over rising public debt, potential inflation, and market uncertainty fueled by the Trump administration's actions.

Why It Matters: Gold prices hit a historic high above $5,000 per ounce, driven by global instability and investor fear.