Market Performance
Gold prices have skyrocketed past a historic milestone, breaching the ₹1 lakh mark per 10 grams for the first time ever in the Indian market.
- 24-karat gold: ₹1,01,350 per 10 gm (Mumbai)
- 22-karat gold: ₹92,900 per 10 gm
This surge has strengthened gold’s position as a top-performing asset class amid ongoing financial turbulence.
Main News
The recent upswing in gold prices is being driven by a combination of global uncertainties and economic shifts:
- Geopolitical tensions are rising, adding pressure on global markets.
- Central banks across the world continue to accumulate gold, increasing demand.
- Persistent inflation concerns have turned investors towards safer assets.
- Recent policy announcements by US President Donald Trump, including potential changes to the Federal Reserve, have intensified fears of inflation and volatility.
As a result, many see gold as an investment option that offers protection in uncertain economic climates.
Company Details
While this gold price surge doesn’t relate directly to a specific company, the broader commodity and bullion markets are responding to geopolitical cues and macroeconomic data that are reshaping investor sentiment worldwide.
Summary of the Article
Gold has once again proven its mettle as a safe haven investment, especially during times of global uncertainty. The yellow metal’s rise past ₹1 lakh per 10 grams is fueled by central bank buying, inflation fears, and shifting US economic policy under President Trump.
With gold’s role in portfolios gaining renewed interest, investors are closely watching how long this rally can last and what global developments might come next.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius
