Gold prices soar to record high amid geopolitical tensions
pre-market1 source ↓written by the desknot a recommendation
Gold and silver prices reached historic highs on 23 Dec 2023, with gold futures rising to ₹1,38,496 per 10 grams and silver at ₹2,19,449 per kilo. This surge is attributed to escalating geopolitical tensions and expectations of US Federal Reserve rate cuts next year, following easing inflation and a cooling labor market.
The February gold futures contract opened at ₹1,38,297, up ₹1,752 from the previous close, while March silver futures jumped ₹6,577, reflecting strong demand for precious metals amid uncertainty.
Not investment advice. For informational purposes only.