Gold futures hit Rs 1,00,000/10g as global tensions push prices up; USD 3,500/oz in international markets.

Gold prices in India hit a historic high today, reaching Rs 1,00,000 per 10 grams, as investors turned to the precious metal as a safe-haven asset amidst changes in US Federal Reserve policies and increasing global trade tensions. The surge in gold futures mirrored the international market trends, with prices exceeding USD 3,500 per ounce. The spike in prices was largely attributed to the uncertainty prevailing in global financial markets and the ongoing trade dispute between the United States and China. This record-breaking increase in gold rates has captured the attention of investors worldwide, highlighting the metal’s status as a reliable investment option during turbulent economic times.

In Trend

US and India finalize terms for Bilateral Trade Agreement to address imbalance and create new market opportunities.

VP Dhankhar stresses Parliament’s authority and accountability of elected representatives in Constitutional lecture at Delhi University.

Leave a Reply

Your email address will not be published.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