Gold prices in India reached a record high on Monday, surpassing Rs 97,000 per 10 grams in futures trade, driven by strong local demand. The surge in prices was influenced by escalating tariff tensions, worries about the US economic outlook, and the US debt crisis. Internationally, gold futures also reached unprecedented levels, buoyed by a weakening US dollar and increasing trade tensions between the US and China. The soaring prices have attracted investors looking for safe-haven assets amid the uncertain economic conditions. The precious metal is seen as a hedge against inflation and market volatility, making it a popular choice for investors during times of economic uncertainty. The current trend in gold prices indicates a bullish sentiment in the market, with experts predicting further upside potential. Investors are closely monitoring the geopolitical developments and economic indicators that could impact gold prices in the coming days. The escalating tensions between the US and China, along with the uncertainty surrounding the global economy, are expected to keep gold prices elevated in the near term. As investors seek refuge in safe-haven assets like gold, the precious metal is likely to remain a preferred choice for those looking to diversify their investment portfolio.