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of <h1>Gold Prices Hit Record Rs 89,000 Amid Trade Tensions and Increased Demand; Silver Prices Also Surge Significantly</h1> Gold prices surged to Rs 89,000 per 10 grams in New Delhi, driven by increased demand from jewellers and stockists amid escalating trade tensions. The US President's confirmation of tariffs on Canada, Mexico, and China, along with retaliatory measures from Canada and China, heightened safe-haven demand for gold. Silver also rose significantly, reaching Rs 98,000 per kg due to industrial demand. On the Multi Commodity Exchange, gold and silver contracts for April and May delivery saw price increases. Global factors, including weaker US economic data, further bolstered gold's appeal as a non-yielding asset.
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