It was yet another record-breaking day for both gold and silver, as investor demand for these precious metals remained strong as intensifying tensions in the Middle East boosted the appeal of safe-haven assets, keeping the bullish momentum intact from last year’s stellar run. The February gold futures on MCX opened lower at ₹1,40,501 per 10 grams, down from the previous close of ₹1,42,241, but gained momentum to hit a fresh record high of ₹1,43,590 ( ₹1,349 higher), crossing ₹1.43 lakh for the first time, and remained higher for the fourth day in a row. Silver prices, too, extended their winning run to the fourth day, with March silver contracts on MCX gaining another ₹16,219 per kilogram to reach yet another historic high of ₹2,91,406.
