Gold Silver Price: Gold crosses $5000 for the first time, silver sets a record of ₹3.53 lakh; why did prices suddenly rise?

News Topical, Digital Desk : Gold made history in the global market (Comex). For the first time, gold crossed $5,000 per ounce (Rs. 1,61,666 per 10 grams in Indian Rupees) ( Gold Price Today ). According to media reports, its price has more than doubled in the last two years. Turmoil in the global market, geopolitical tensions, and aggressive US policies have pushed investors to seek safe havens, turning to gold.

Gold crosses ₹1.64 lakh mark

US President Donald Trump's policies have increased uncertainty in global relations. This is having a direct impact on the financial markets. Investors are avoiding assets like government sovereign bonds and currencies and are investing heavily in gold. As a result, the price of gold has jumped by more than 10% in just one week, reaching $5,093 per ounce (about Rs 164,548 per 10 grams).

Fastest jump since 1979

This surge in gold prices is no small feat. Statistics show that the price of gold has more than doubled in the past two years. This is believed to be the fastest rise since 1979. This year alone, gold has risen by more than 15%, and each new day is setting new records.

Silver also crossed Rs 3.53 lakh.

Like gold, silver too has surprised investors. Amid a weak dollar and rising geopolitical concerns, silver crossed $100 per ounce for the first time and was trading at $109.26 per ounce (approximately Rs. 3,53,243 per kilogram in Indian Rupees) as of 2:15 pm on January 26 (Silver Rate Today). The dollar index recorded its biggest weekly decline since May, making precious metals like gold and silver even cheaper for foreign buyers.

According to Comex, at 8:12 am, gold prices rose 1% to $5035.25 per ounce (Gold Rate Today), while silver was trading 2.2% higher at $105.50 per ounce (Silver Price Today). Platinum, on the other hand, saw a slight decline, but had previously reached a record high. Palladium prices also remained on the upside.

Why did gold emerge as a safe haven?

According to market experts, gold emerges as a safe haven when fear and uncertainty rise in the market. Currently, global geopolitical tensions, US tariff policies, and a decline in the currency-bond market have increased investor concerns. In particular, US Treasuries and other dollar-denominated assets are showing weakness.

The shine of gold and silver will not fade!

Uncertainty isn't limited to the United States. The situation is also bleak in Japan, Asia's second-largest economy, where long and ultra-long bonds saw heavy selling last week. Furthermore, ongoing discussions about the appointment of the next head of the US Fed and the removal of current Fed Chief Jerome Powell have also increased investor anxiety. For now, gold and silver don't appear to be losing their sheen due to these factors.

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