Gold surges 50% and silver spikes 65% YTD
Uncertainties supported bullion prices to rise phenomenally According to the Weekly Blog of Dr. Renisha Chainani, Head- Research, Augmont suggest, gold prices have surged 50% this year to touch a record level of $3965 (~Rs 120,000), and Silver has surged 65% this year to touch the level of $48.48 (~Rs 147,500) on safe-haven demand due to market uncertainty. 2025 has been the year of uncertainties- it started with political uncertainty, then tariff uncertainty, then geopolitical uncertainty, then rate cut uncertainty and now US shutdown uncertainty. All these uncertainties have supported bullion prices to rise phenomenally this year on safe-haven demand. A weaker dollar, robust central bank purchases, rising demand for gold-backed Exchange-Traded Funds, and growing interest from retail investors looking to hedge against rising trade and geopolitical tensions are all contributing factors. The demand for gold-backed ETFs, fu...