New Delhi, June 5 -- Gold and silver prices have gained strong momentum recently, with MCX gold rate surpassing Rs.98,000 per 10 grams and MCX silver reclaiming the Rs.1 lakh per kg mark.

The rally in gold prices tracks international bullion trends, driven by weak US economic data and rising geopolitical tensions. Investor demand for safe-haven assets strengthened after former US President Donald Trump renewed calls for interest rate cuts by the Federal Reserve.

Globally, gold remained firm near $3,370 per ounce amid economic uncertainty, a contraction in US services data, and the slowest private job growth since March 2023. Gold typically performs well in low interest rate environments and during times of economic distress.

On Thursda...