Gold rates in India rebounded to touch a new all-time high as geopolitical risks continue to linger despite US President Donald Trump's announcement of US getting access to Greenland. However, the details are unclear of the new resolution between US and European Union as Denmark reaffirmed its sovereignty over the Artic island.
In the early deals, MCX gold touched a new all-time high of Rs 1,59,226 per 10 grams, nearing the Rs 1.60 lakh mark. Meanwhile, MCX silver also rose to hit new record of Rs 3,42,297 per 1Kg. Both precious metals are trading higher by 2% to 3%.
The performance tracks international gold and silver prices. Spot gold advanced to touch new historic high of $4,950 per ounce, while spot silver clocked 3% gains to hit $99 per ounce for the first time ever.

Apart from geopolitical uncertainty, dollar has weakened which makes precious metals attractive for investors. Also, market is expecting a 25 basis points rate cut from US Federal Reserve in the upcoming monetary policy meeting scheduled next week.
Gold Rates In India Live: 18 Carat Gold Rates In India
Gold Live Update: 22 Carat Gold Prices In India
Gold Prices Live: 24 Carat Gold Rates In India
Gold Rates Live Updates: Gold Rate In Chennai Nears Rs 1.60 Lakh
Gold Prices Live Updates: MCX Gold Price Outlook Ahead
Gold Rates Live Updates: Comex Gold Outlook
Silver Rates Live Updates: Will Silver Hit Rs 4 Lakh This Month?
Gold & Silver Rates Today Live Updates: MCX Gold & Silver Retreat
Gold Live Updates: Spot Gold Is Nearing ,000 Mark
Gold & Silver Rates Live Updates: Explainer Of Trump's Davos Visit
Gold & Silver Rates Today Live Updates: What Is Driving Precious Metals Today
Silver Prices Live Updates: MCX Silver Hits New All-Time High
Gold Rates Live Updates: MCX Gold Rebounds To New Historic High
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