<h1>Gold Prices Hit Record High of Rs 88,500 Amid Trade War Fears and Weakening Rupee Impact</h1> Gold prices in New Delhi surged by Rs 2,430, reaching a lifetime high of Rs 88,500 per 10 grams, driven by global trends and a weakening rupee. This increase followed the announcement of new 25% tariffs on steel and aluminum imports by the US President, intensifying trade war fears. The rise in gold prices was supported by heavy buying from jewelers and retailers. Silver also saw a significant price increase, climbing Rs 1,000 to Rs 97,500 per kg. Investors are shifting to safer assets like gold amid global economic uncertainties, causing further price hikes in futures and spot markets.