Gold prices hit record high of Rs 97,000 per 10 grams on robust demand and global factors.

Gold prices in India surged to record highs on Monday, surpassing Rs 97,000 per 10 grams in futures trade, driven by strong local demand. The increase was influenced by escalating tariff tensions, worries about the US economic forecast, and the US debt crisis. Internationally, gold futures also reached unprecedented levels, propelled by a weakening US dollar and escalating trade tensions between the US and China.

In Trend

Indian government imposes 12% safeguard duty on steel imports to protect domestic industry and support SMEs.

Trump’s Criticism and Trade Tensions Drive Dollar Down, Gold Up; US Stock Markets Experience Losses

Leave a Reply

Your email address will not be published. Required fields are marked *