Gold breaks $5,300 as safe-haven rush lifts silver; India weighs import duty hike
Gold surged to a record $5,311.31 an ounce Wednesday as the U.S. dollar neared a four-year low ahead of the Federal Reserve’s policy decision. In India, gold topped 160,000 rupees per 10 grams and silver exceeded 360,000 rupees per kg, prompting speculation the government may raise import duties after 2025 gold imports hit $58.9 billion.