Gold, Silver Hit All-Time Highs on Global Uncertainty and Federal Probe
Gold and silver futures soared to fresh record highs on Monday amid concerns over a U.S. Federal probe and rising geopolitical tensions, reflecting investor demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold futures for February delivery surged by ₹2,431, or 1.8%, reaching a record ₹1,41,250 per 10 grams. Silver futures for March delivery also climbed sharply, trading at unprecedented levels as market participants sought refuge from uncertainty in global markets.
Analysts said the Federal probe has triggered fears of regulatory tightening in the U.S., while geopolitical conflicts have heightened risk aversion, prompting fund flows into precious metals. Increased demand from domestic and international investors further fuelled the rally, pushing both gold and silver prices to historic highs.
Experts noted that continued global uncertainties and inflation concerns could sustain the bullish trend in precious metals. Traders are closely monitoring developments abroad, as any easing of tensions or policy clarity may influence near-term price movements.
