New Delhi, Jan. 12 -- Gold and silver prices kicked off the week on a strong note, with both precious metals scaling fresh historic peaks as demand for safe-haven assets remained firm amid rising geopolitical and trade tensions, alongside reports that US prosecutors are investigating Fed Chair Jerome Powell, further heightening market uncertainty.

The February gold futures on MCX opened higher at Rs.1,39,600 per 10 grams, up from the previous close of Rs.1,38,819, and built on the momentum to hit a fresh record high of Rs.1,42,340 ( Rs.3,521 higher), crossing Rs.1.41 lakh for the first time. The rally has also contributed to a 4.76% gain in January so far.

Spot gold prices similarly reached a fresh peak of $4,611 per ounce, 2.2% higher ...