New Delhi, March 19 -- Gold prices soared to a record high on Wednesday, March 19, surpassing Rs.90,000 per 10 grams in India. While, silver also hit an all-time high on the domestic front in India, breaching Rs.1 lakh.

One of the key drivers behind the surge in gold and silver prices was the ongoing trade tension between the U.S. and Europe. President Trump's fresh tariff threats added further volatility to the markets.

The U.S. president threatened to impose tariffs of up to 200 per cent on European alcoholic beverages, including wines and champagnes, in retaliation for the European Union's decision to impose a 50 per cent levy on American whiskey. This move was seen as a response to Trump's tariffs on imported steel and aluminum.

"I...