Gold, Silver Rates Today LIVE: Gold and silver prices in the international market touched record highs on Friday, supported by a weak US dollar, geopolitical tensions and threats to the Federal Reserve’s independence.
Gold price rose to an all-time above $4,960 in early trading and is on track for a weekly gain of more than 7%, while silver also hit a record high near $97 an ounce.
Gold rate rose 0.5% to $4,959.39 an ounce and silver price jumped 0.7% to $96.91, also setting a record high.
Renewed criticism of the Federal Reserve by US President Donald Trump, along with escalating geopolitical risks in Venezuela, Iran and Greenland, has added momentum to the so-called “debasement trade.” This trend reflects a shift by investors away from sovereign bonds and currencies toward alternative safe-haven assets such as gold.
MCX Gold, Silver Prices
In the domestic market, MCX gold prices also scaled peaks on Thursday. MCX gold price jumped nearly 4% to close at ₹1,56,540 per 10 rams level. It touched a fresh record high of ₹1,57,086 level.
MCX silver price gained 0.87% to ₹3,26,500 per kg. MCX silver price touched a fresh life-time high of ₹3,35,521 level on Wednesday.
Meanwhile, author and investor Robert Kiyosaki has once again reiterated his bullish views on silver, calling it superior to gold in the current economic set-up and predicting that the white metal will rise to $200 an ounce in 2026.
Read More: Why piling into gold, silver right now may be a mistake
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