Gold breaks $5,000: India 22K, 24K gold rates and silver prices spike ahead of Budget
Gold prices broke $5,000 an ounce Monday, hitting $5,092.71 in overseas trading. MCX gold futures in India reached a record ₹1,59,226 per 10 grams last week, while silver futures surged to ₹3,34,600 per kg. Indian bullion markets remained closed for Republic Day, but traders are bracing for volatility ahead of the Feb. 1 budget and U.S. policy signals.