Gold and Silver Prices Reach Record Highs Amid Geopolitical Tensions and Trade Concerns

Gold and silver prices have surged to record highs globally and in India amid escalating geopolitical tensions, particularly US President Donald Trump's Greenland ambitions and tariff threats against European nations. This has heightened safe-haven demand, supported by a weakening US dollar and concerns over a potential US-EU trade war. In India, gold crossed Rs 1.5 lakh per 10 grams, while silver surpassed Rs 3.3 lakh per kilogram. Market experts cite strong industrial demand, supply constraints, and expectations of US Federal Reserve policy easing as additional drivers. Elevated premiums in Indian markets reflect budget-related duty hike fears, while forecasts suggest further price increases through 2026 amid ongoing uncertainty.