New Delhi, Dec. 24 -- Platinum prices touched another record high in Wednesday's session, December 24, extending their rally, as renewed geopolitical tensions, especially between the US and Venezuela, boosted demand for safe-haven assets.

A weakening US dollar, amid growing expectations of further monetary easing by the Federal Reserve next year, is also making precious metals less expensive for other currency holders.

Spot platinum surged past $2,300 per ounce, hitting a record high of $2,378, a 3.4% jump from the previous close. Prices were supported by tight supply conditions, rising investment demand, and a rotation from gold, causing the metal to gain twice as much as the yellow metal in 2025.

Wednesday's rally marks the 10th cons...