Gold prices hit an all-time high on the MCX in India, reaching Rs 96,747 per 10 grams, with silver also climbing to Rs 95,730 per kilogram. This surge was driven by factors such as a weakening US dollar, escalating US-China trade tensions, and worries about central bank independence. Globally, gold prices crossed $3,385 per ounce amidst financial instability. The unprecedented rally in gold prices has caught the attention of investors and analysts alike, with many closely monitoring the precious metal’s performance in the market. The current economic uncertainties and geopolitical tensions are contributing to the bullish trend in the gold market. Investors are flocking to safe-haven assets like gold and silver, seeking refuge from volatile equities and currencies. The record-breaking prices are prompting many to reassess their investment portfolios and consider diversifying into precious metals. As the global economic outlook remains uncertain, experts suggest that gold prices may continue to climb in the near future. This significant surge in gold and silver prices reflects the growing demand for safe-haven assets in the face of increasing market volatility and geopolitical risks.

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Gold hits record high on MCX at Rs 96,747; Silver climbs to Rs 95,730 amid global economic concerns
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