Geopolitical tempests have unleashed a golden storm in precious metals markets. Tuesday’s MCX trading saw February gold futures blast to a staggering 1,47,996 rupees per 10 grams and March silver to 3,19,949 rupees per kilogram—eclipsing Monday’s records of 1,45,500 and 3,01,315 rupees respectively.
Overseas, Comex mirrored the ascent with gold at 4,708.10 dollars per ounce (beating 4,689.39 dollars) and silver at 94.320 dollars. At the heart of this frenzy: President Trump’s bold Greenland gambit, threatening tariffs on eight European holdouts and not shying from force.
Trading updates showed gold at 1,47,894 rupees (up 1.55%), silver at 3,17,554 rupees (up 2.35% or 7,279 rupees). European retorts—Macron’s EU coercion clampdown, Merz’s restraint plea, Denmark’s military buildup—have ratcheted up tensions, channeling capital into gold and silver.
Layered risks include potential Trump-Fed showdowns eroding central bank autonomy and bets on 2025 rate easing. Silver shines doubly, its industrial roles in solar, EVs, and electronics amplifying safe-haven flows.
Technical charts favor bulls, with Comex silver holding 85-88 dollars support. Augmont forecasts profit-led dips to 84 dollars or 2,60,000 rupees per kilogram, but supply tightness and demand boom signal rebounds.
Investors face near-term profit-taking risks after this blistering run, yet experts unanimously back a bullish horizon for gold and silver, fortified by macro turmoil and real-world utility.