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Silver hits record Rs 3?lakh/kg on MCX as Trump's tariff threat stokes market anxiety

Gold and silver prices have surged to record highs amid increasing market anxiety following U. S. President Trump's threats to impose tariffs on European nations over the Greenland acquisition. The price of silver reached Rs 3 lakh per kg on the MCX, while gold also saw significant gains as investors sought safe haven assets.

Silver hits record Rs 3?lakh/kg on MCX as Trump's tariff threat stokes market anxiety

Credit: Dnaindia

Key Highlights

  • Silver hit a record price of Rs 3 lakh/kg on MCX.
  • Gold prices rose, reaching a peak of $4,690.59 per ounce.
  • Trump plans to impose tariffs on eight European nations opposed to the Greenland acquisition.
  • The tariffs will begin at 10% on February 1 and increase to 25% by June.
  • Market anxiety is driving investors towards safe-haven assets like gold and silver.
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Sources

  1. Silver hits record Rs 3?lakh/kg on MCX as Trump's tariff threat stokes market anxiety
  2. Gold, silver hit record highs as Trump’s Greenland tariff threat rattles global markets
  3. Gold, silver prices at record after Trump tariff threats over Greenland
  4. US-Denmark tension escalates over Greenland crisis as European countries oppose Trump plan, send troops
  5. The Raja Saab box office collection day 10: Prabhas film crashes in second weekend, fails to cross Rs 150 crore in India

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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