New Delhi, March 14 -- Gold prices hit a record high on Friday on increased safe-haven demand amid uncertainty over US tariffs and trade tensions. Hopes of monetary policy easing by the US Federal Reserve also boosted appeal for the yellow metal.

Spot gold eased 0.1% to $2,983.78 an ounce, after hitting a record high of $2,990.09 earlier in the session, within touching distance of the key $3,000 milestone. Bullion is set for recording a second straight weekly rise, with a 2.5% gain so far. US gold futures rose 0.2% to $2,996.70.

Spot silver eased 0.2% to $33.72 an ounce, platinum firmed 0.1% to $995.30, and palladium gained 0.7% to $964.32.

On the domestic front, the Indian stock market and commodity markets are closed today, March 14,...