New Delhi, Jan. 26 -- Gold prices and silver rates continued their blistering rally in global markets on Monday, January 26, pushing both precious metals to fresh record highs as investors rushed for safety amid escalating geopolitical and policy uncertainties.

Gold prices surged above the $5,000-per-ounce mark, extending a historic run that has been fuelled by rising global tensions, fragile macro conditions and a growing loss of confidence in fiat currencies.

Meanwhile, Silver, often the more volatile cousin of gold, moved in tandem with Spot silver jumping over 5% to touch a new all-time high of $108.60.

The rally in precious metals has been underpinned by a combination of geopolitical shocks and policy uncertainty.

Ongoing conflic...