The rally in gold and silver prices on January 23 also extended to platinum, another precious metal, as demand for non-US assets rose amid heightened global uncertainty and escalating geopolitical risks.
Precious metals surged to fresh record highs in Friday’s trading session as confidence in the US assets diminished, driving demand for hard assets like gold, silver and platinum.
Platinum prices surged to a record high of $2,684.43 in trade today. Meanwhile, silver and gold prices eyed psychologically important $100 and $5000 marks, respectively.
Spot silver rate today hit the $99.34 in the international market, and gold prices rose to a new peak $4,966.59.
