Gold Prices Hit Record High Amid Global Tensions

• Gold June futures on MCX surged to an all-time high of Rs 98,753/10 grams, driven by global market uncertainties.
• Silver May futures also saw gains, opening higher by 0.33% at Rs 95,562/kg, reflecting increased demand for precious metals.
• The US dollar's decline and US-China trade tensions have bolstered gold's safe-haven appeal, pushing prices to new heights.
• Analysts suggest avoiding short selling in gold, with potential buying opportunities on dips, as volatility persists.
• Gold prices in major Indian cities vary, with 24-carat gold reaching Rs 61,264/8 grams in Mumbai.

Source: The Economic Times, Times Now News, The Economic Times, Times Now News