Gold, Silver Prices Rise Amid Global Uncertainty, Geopolitical Tensions

Global gold and silver prices have surged to record highs in 2025, driven by geopolitical tensions, tariff uncertainties, and expectations of U.S. Federal Reserve interest rate cuts. In India, 24-carat gold reached Rs 1,09,707 per 10 grams, while silver remained firm above Rs 1.20 lakh per kilogram, highlighting their roles as safe-haven assets amid global uncertainty. South Korea has seen an 83% increase in gold banking balances year-over-year, with growing investor interest in gold-related financial products, especially among younger demographics. Malaysia reported a 38.15% year-on-year rise in gold prices, while the Philippines experienced a 15.1% increase in the value of metallic minerals, largely propelled by gold and silver prices exceeding $3,000 and $35 per troy ounce, respectively. Geopolitical developments, including conflicts involving Poland and Russia and U.S. tariff considerations, reinforce gold and silver's appeal as hedges, although U.S. retail demand remains cautious amid ample market inventories. Overall, experts suggest the rally in precious metals may continue if global geopolitical and economic uncertainties persist.