New Delhi, Jan. 23 -- The rally in gold and silver prices on January 23 also extended to platinum, another precious metal, as demand for non-US assets rose amid heightened global uncertainty and escalating geopolitical risks.

Precious metals surged to fresh record highs in Friday's trading session as confidence in the US assets diminished, driving demand for hard assets like gold, silver and platinum.

Additionally, weakness in the US dollar also spurred demand for platinum. The dollar index hovered near a more than two-week low on Friday, having fallen 1% in the course of the week, according to a Reuters report, making metals cheaper for buyers in other currencies.

Platinum prices surged to a record high of $2,684.43 in trade today. Me...