India, April 16 -- Gold hit a new record high of Rs.95,435 per 10 gram on the Multi Commodity Exchange (MCX) on Wednesday, April 16, following a weakening dollar and the continuing uncertainty of US President Donald Trump's tariff war.

This was the first time it breached the Rs.95,000 mark and this was a 2.12% gain from the previous close, which was at Rs.93,451.

As of 2:45 pm, the yellow metal had pared some of its gains, trading at Rs.95,090. Meanwhile, the low for today so far was Rs.94,311.

Silver meanwhile, hit a high of Rs.96,965 per Kg, which was an increase of 2.31%. As of 2:45 pm, it had gone down to Rs.96,500 and previously hit a low of Rs.94,666.

One of the reasons why this came about was the US dollar weakening by 0.65%, a...