Gold, Silver Prices Soar to Record Highs Amid Global Turmoil; Market in Turmoil

• Gold and silver prices have surged dramatically, hitting unprecedented levels in both domestic and international markets.
• In Hyderabad, silver jumped ₹9,000/kg to ₹2,54,000, while 24-carat gold rose ₹770/10g to ₹1,40,020.
• US spot gold reached an all-time high of $4,530.60/ounce; gold prices are up over 70% this year, largest gain since 1979.
• Geopolitical tensions, US interest rate cut expectations, central bank purchases, and de-dollarization fuel the surge.
• Silver prices have risen over 150% this year, outperforming gold, driven by strong investment demand and critical mineral status.

Why It Matters: Gold and silver prices are skyrocketing globally due to economic uncertainty and strong investor demand.