$5,000 barrier breached: Gold opens the week at a record high

Gold prices climbed to a new all-time high at the start of the week, pushing above $5,000 per ounce. Rising geopolitical uncertainty and renewed concerns over confidence in US policy boosted safe-haven demand.

New records in spot and local pricing

Spot gold jumped to as high as $5,093 during the session and later traded around $5,062, up 1.63% versus the previous close.

In parallel, gram gold set a fresh record at 7,105 lira before easing to around 7,063 lira on the first trading day of the week.

What is driving the rally?

Market uncertainty increased after US President Donald Trump shifted his tariff messaging. Following a softer stance toward European allies, new tax-related rhetoric targeting Canada and France added to investor caution. Analysts said such headlines can push investors toward alternative safe-haven assets.

Meanwhile, a stronger Japanese yen weighed on the US dollar globally. Ahead of this week’s Federal Reserve meeting, investors began reducing dollar exposure, and a weaker dollar made gold more attractive for buyers using other currencies.

Sharper moves across other precious metals

Gains extended beyond gold. Spot silver surged to $109.45 before trading near $107.65, up 5.03% on the day.

Gram silver reached a fresh record at 152.75 lira before stabilizing around the 150-lira area.

Platinum rose 2.75% to $2,910, while palladium gained 1.2% to $2,058.