Gold, Silver Hit Record Highs: What's Driving the Surge and Future Outlook?

• Gold and silver prices have reached unprecedented levels, with gold crossing ₹1.43 lakh per 10 grams and silver surpassing ₹2.90 lakh per kilogram.
• The surge is attributed to strong investor demand, geopolitical tensions, global policy uncertainties, and central bank purchases.
• Gold prices on MCX have risen over 5% in 15 days and 80% in a year; silver has increased over 15% this year and 190% over a year.
• Market experts like Prithviraj Kothari and Akshay Kamboj highlight global political instability, Federal Reserve rate uncertainty, and safe-haven demand as key drivers.
• Analysts predict further increases, with SAMCO Securities forecasting silver at ₹3.94 lakh/kg and Motilal Oswal expecting gold to reach ₹1.60 lakh.

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