Bhubaneswar: Precious metal prices surged to fresh all-time highs in the domestic market today, reflecting heightened global uncertainty and strong safe-haven demand. 22-carat gold jumped to ₹1,38,000 per 10 grams, while 24-carat gold crossed a historic milestone at ₹1,50,000 per 10 grams. Silver also witnessed an unprecedented rally, touching ₹3,25,000 per kilogram, marking a record high in India.
In the international market, gold scaled a new lifetime high of USD 4,790 per ounce, while silver soared to USD 96 per ounce. This sharp rally in precious metals has been triggered by escalating geopolitical and trade-related concerns.
Market volatility increased after US President Donald Trump reportedly threatened to impose additional tariffs on European countries unless the United States is permitted to purchase Greenland. Such statements have unsettled global markets, pushing investors toward traditional safe-haven assets like gold and silver.
Commenting on the development, Mr. Trinath Lenka, Managing Director, Wallet4Wealth, said:
“The ongoing rally in gold and silver is a clear reflection of growing global uncertainty. Whenever trade wars, geopolitical risks, and policy instability rise, investors move towards safe-haven assets. The current price movement indicates strong risk aversion and hedging against future economic shocks.”
He further added that if global tensions continue, precious metals may remain elevated in the near term, with volatility likely to persist across equity and currency markets.