Gold hits all-time high at ₹1.62L/10g, silver sees 6% surge
Gold and silver just broke records—gold futures on MCX jumped 3% to ₹1,62,429 per 10gm, while silver shot up 6% to ₹3,77,655 per kg.
This rally comes as investors rush to safer bets ahead of a key US Fed meeting that could shake up markets.
Why does this matter?
If you're wondering why everyone suddenly cares about gold and silver: global uncertainty is making these metals the go-to safe-haven.
With the US dollar hitting four-year lows and trade tensions heating up (think tariff threats and geopolitical risks), people are looking for stability—and precious metals are delivering.
What's pushing prices up?
A weak dollar plus talk of new tariffs on South Korea have investors nervous. Add in strong industrial demand for silver and it's no surprise both metals are soaring right now.
Gold is getting close to its resistance level on MCX, while silver has surged sharply this year (2026), outpacing gold's ~20% gain.