Gold, Silver Prices Surge to Multi-Year Highs Amid Global Uncertainty

Gold and silver prices have surged to multi-year highs driven by a combination of geopolitical uncertainty, inflation concerns, a weakening U.S. dollar, and growing industrial demand. Gold is trading just below its all-time high near $3,400 per ounce, with forecasts suggesting it could reach $3,700 by the end of 2025, while silver has climbed to levels not seen since 2012, reaching about $36.90 per ounce. The momentum is supported by strong central bank demand, robust investor interest, and technical breakouts in key markets, as reflected in the performance of gold mining equities and futures contracts globally. In India, gold and silver prices have also spiked, influenced by domestic demand ahead of the wedding season and investor sentiment amid global market fluctuations. Analysts caution about potential volatility, particularly for silver, but overall investor appetite for precious metals remains strong due to their safe-haven status and industrial uses, especially in solar and electric vehicle sectors. Market watchers are closely observing upcoming U.S. Federal Reserve actions, which could influence the trajectory of these metals in the near term.