Key Highlights
- Silver prices also advanced 0.3% to $94.89 an ounce.
- Heightened rhetoric at the World Economic Forum in Davos highlighted the rapid deterioration in relations between traditional allies, the US and Europe, unnerving investors.
- The uncertainty weighed on the dollar and reinforced demand for safe-haven assets such as precious metals.
- In the domestic market, MCX gold rate also scaled a new peak in the previous session.
- MCX gold price jumped 3.38% to ₹1,50,560 per 10 grams on Tuesday, crossing above the ₹1.5 lakh mark for the first time.
