Gold Rates & Silver Rates Today Live: Gold Nears Rs 1.60 Lakh, Silver Hits Rs 2.75 Lakh; 24K, 22K, 18K Gold

Gold rates and silver rates ended the trading week from February 16th to 20th on a bullish note. MCX gold surged nearly 1.3% in this week, while MCX silver outperformed with nearly 6% upside.

The performance comes at a time when COMEX gold surges past $5,100 per ounce mark and spot silver nears $85 per ounce level. This is due to the landmark decision of US Supreme Court who ruled against President Donald Trump's intense and mind-boggling high tariffs. Due to the ruling, Trump announced 10% tariffs globally.

This immediate trade policy pivot, combined with a disappointing Q4 GDP print of 1.4%, reinforced golds appeal as a hedge against risk and cooling growth. Bullion remains further supported by sticky core PCE inflation at 3% and heightened geopolitical tensions in the Middle East, including a massive US military deployment near Iran. Despite a split FOMC and a resilient labor market, gold is positioned for a strong weekly finish as traders weigh the legal setback for the White House against fresh protectionist threats, as per Trading Economics.

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