Mumbai/IBNS-CMEDIA: Gold prices on Wednesday surged to an all-time high, extending gains from the previous session, amid rising global uncertainty, media reports said.
The rally came after the US Supreme Court deferred a ruling on the legality of President Donald Trump’s trade tariffs, fuelling market nervousness, Economic Times reported.
Adding to the uncertainty, fresh geopolitical tension emerged after Trump threatened to take over Greenland, triggering resistance from European nations.
Mirroring global trends, domestic gold prices crossed ₹1.55 lakh per 10 grams, while silver climbed above ₹3.25 lakh per kg.
In the Mumbai spot market, 24-carat gold touched a record high of ₹1,54,800 per 10 grams. The price of 22-carat gold stood at ₹1,41,900 per 10 grams, excluding GST.
Silver also scaled new heights, touching an all-time high of ₹3,25,100 per kg, according to CNN-News18.
On the international front, gold prices surged past $4,800 per ounce, setting a fresh global record.
