Gold and Silver Prices Reach Record Highs Amid Geopolitical Tensions and Fed Rate Cut Expectations

Gold and silver prices reached record highs in January 2026 amid escalating geopolitical tensions, including unrest in Iran and trade tariff threats, and softer US inflation data fueling expectations of Federal Reserve rate cuts. Gold futures on MCX crossed Rs 1.46 lakh per 10 grams, while silver surged past Rs 2.9 lakh per kilogram and $90 per ounce globally. Analysts highlight strong safe-haven demand, supply constraints, and technical momentum, though some advise caution due to potential short-term volatility.