Record highs in gold and silver price following save haven demand on the back of geopolitical tensions
Udaipur, March 19, 2025 - World economy is in a state of turmoil owing to renewed geopolitical tensions and the US trade stance under new President Donald Trump. As a result, volatility is being witnessed in global stock markets and the price of gold and silver continue to rise. Yesterday, March 18, the prices broke all records with silver at Rs 1,00600 per kilogramme and gold at Rs 90,200 per tola.
Gold hit a record high on March 18 after the Israel-Hamas ceasefire agreement collapsed, indicating fears of heightened tensions in the Middle East. Apart from this, the Russia-Ukraine conflict is forcing investors to look for safe haven in gold and silver. Even in Asian trade markets this morning, gold prices rose slightly to a record high.
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