The upward trajectory of gold prices in Bharat reached unprecedented heights as MCX June gold futures surged to a record-breaking Rs 72,678 per 10 grams, marking a substantial increase of Rs 804 or 1.12 per cent on Friday. This surge represents a significant milestone in the ongoing upward trend of gold prices in the country.
In tandem with gold, May silver contracts also experienced a notable upsurge, reaching an all-time high of Rs 84,102. Although the trading price settled slightly lower at Rs 83,925, it still reflected a considerable gain of Rs 1,078 or 1.30 percent compared to the previous closing price.
Several factors contribute to the sharp rise in precious metal prices, including global economic uncertainties, inflationary pressures, and geopolitical tensions. Against the backdrop of volatile market conditions, investors continue to seek refuge in safe-haven assets like gold and silver.
The latest surge in gold and silver prices underscores the importance of closely monitoring market dynamics for investors and traders. With ongoing uncertainties in the global economic landscape, the trajectory of precious metal prices remains a critical focal point for market participants.
