US EditionGold hits record prices – so how do you buy it? And is it worth the investment?
- Precious metal markets experienced a surprising twist as silver prices in India surged to a record high of ₹1.03 lakh per kg, surpassing gold, which touched ₹92,150 per 10 grams.
- This surge is attributed to economic uncertainty, shifting investment patterns, and global trade tensions stemming from President Donald Trump's import tariffs, leading investors to seek safe-haven assets like gold and silver.
- Compared to Nifty's 5.29% and Sensex's 4.96% returns, gold yielded 31.37% and silver returned an impressive 35.56%, making precious metals more lucrative investment options.
- Market analyst Adnan Agar stated that investors looking for better returns should consider silver as it shows stronger momentum than gold, though he anticipates a significant correction in gold prices at an uncertain time.
- Gold's strong performance, achieving its best quarter since 1986 and reaching a record high of $3,087, has prompted Goldman Sachs to forecast prices potentially reaching $3,300 per ounce by the end of 2025 and Bank of America to project a rise to $3,063 in 2025, with Bank of America warning that Trump's 'America First' stance could evolve into 'America Alone'.
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Gold hits record highs in local and global markets
Gold prices have risen further, reaching new record highs. In the international bullion market, the price of gold per ounce saw a $10 increase on Saturday, reaching a new global price of $3,084 per ounce. On the other hand, in local markets, the price of 24-carat gold per tola increased by Rs 1,620, bringing it to a new high of Rs 325,000, the highest in the country's history. Similarly, the price of gold per 10 grams also surged by Rs 1,389, re…
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