Gold Price Today: Where is bullion headed after yellow metal, silver hit fresh lifetime highs

Gold and silver futures rose to lifetime highs as the US Federal Reserve hinted at a rate pause after Wednesday’s commentary. Silver futures hit a new high of INR78,791 ($1,074) per kg, while gold futures touched another new peak of INR61,845 per 10 grams. Praveen Singh, associate VP of fundamental currencies and commodities at Sharekhan by BNP Paribas, explained that the markets were a “bit buffeted by risk aversion amid a rout in regional US bank shares”. Gold futures have gained 11.88% or INR6,528 on a YTD basis, while silver futures are up 12.54% or INR8,700 over the same period.