Silver Shatters Records, Gold Jumps Amidst Trump Tariff News
Precious metals markets saw significant movement today as silver soared to a historic all-time high and gold experienced a notable surge. These market reactions are attributed to the latest announcements regarding Trump tariffs.
Silver Reaches Unprecedented Heights
On the MCX (Multi Commodity Exchange of India), silver futures witnessed a remarkable jump of 1.21%, pushing prices to an unprecedented ₹1,10,441 per kilogram. This marks a historic moment for silver, signaling strong investor interest in the precious metal.
Gold Follows Suit with Upward Trend
Gold also responded positively to the tariff news, with futures trading 0.58% higher on the MCX, reaching ₹97,251 per 10 grams. This upward movement suggests that investors are viewing gold as a safe haven asset in the current economic climate.
