Gold Prices Climb Amid Global Uncertainty

Gold prices have climbed to record highs in both international and Indian markets, fueled by a mix of global factors that are heightening demand for the metal as a safe-haven asset. Internationally, gold has crossedUS$3,700 per ounce, driven by expectations of future U.S. interest rate cuts, a weakening dollar, geopolitical tensions, and soft economic data.

In India, 24-carat gold is now trading near ₹1,14,300 per 10 grams, and gold futures have hit fresh highs above₹1,12,000/10g, reflecting strong festive demand with Navratri underway, weakening rupee, and rising investor interest.

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