Gold-Silver Price: Geo-political tension caused historic rise in gold and silver, both became expensive in one fell swoop

New Delhi: Gold and silver prices hit new highs in the futures markets on Tuesday as investors turned to safer investment options in view of geopolitical tensions. On the Multi Commodity Exchange (MCX), silver contracts for delivery in March rose by Rs 3,232, or 1.2 per cent, to an all-time high of Rs 2,72,202 per kg. The price of silver has increased by Rs 19,477 or 7.7 percent in the last two sessions. On Friday its price was Rs 2,52,725 per kg.

On MCX, gold futures for delivery in February rose by Rs 196, or 0.14 per cent, to reach a record Rs 1,41,836 per 10 grams. In global markets, gold for delivery in February fell by US $ 15.26, or 0.33 per cent, to US $ 4,599.44 an ounce on COMEX. At the same time, the price of silver for contracts for supply in March increased marginally to US $ 85.20 an ounce.