Gold prices in India skyrocketed to a record high of over Rs 97,000 per 10 grams in futures trade on Monday, driven by strong local demand. The surge was attributed to escalating tariff tensions, worries about the US economic prospects, and the US debt crisis. At a global level, gold futures also reached unprecedented levels, buoyed by a weakening US dollar and escalating trade tensions between the US and China. The soaring prices have captured the attention of investors and traders alike, as they closely monitor the precious metal’s performance in the midst of geopolitical uncertainties. The remarkable spike in gold prices reflects the metal’s status as a safe-haven asset during times of economic and political instability. Investors are closely watching how the situation unfolds and its impact on the precious metal’s trajectory in the coming days.