Gold prices in India have hit a record high of Rs 86,875 per 10 grams, as investors turn to safe-haven assets amidst US trade tariffs and a sluggish global economy. Meanwhile, silver prices have also been volatile, closing at Rs 99,389 per kilogram. The surge in gold prices can be attributed to market concerns over a potentially softer Federal Reserve stance and the continued instability in the dollar index and US trade relations. The current economic climate has led investors to seek refuge in precious metals, driving up their prices. With no immediate resolution in sight for the ongoing trade tensions, the demand for gold and silver as safe-haven assets is expected to remain strong in the near future.
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Gold prices hit record high at Rs 86,875 amid trade tensions and economic slowdown; Silver ends at Rs 99,389.
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