Market Performance
Gold prices in India have witnessed a significant increase, nearing the ₹1 lakh mark per 10 grams in the spot market. This spike coincides with global market movements and occurs just before the Akshaya Tritiya festival, a time traditionally associated with gold purchases.
On the Multi Commodity Exchange (MCX), gold futures reached ₹98,910 per 10 grams. This peak applies to the June 5, 2025 expiry contract and represents the highest recorded price for the metal on the platform.
Main News
The surge in gold prices is primarily attributed to increasing global demand. Investors across international markets have turned to gold as a preferred safe-haven asset amid heightened geopolitical concerns. The recent developments in the United States, including political friction and economic uncertainty, have further contributed to this trend.
Domestically, in Delhi, the rate for 24-karat gold rose by ₹1,650, reaching ₹99,800 per 10 grams in the retail market. With the addition of goods and services tax (GST) and making charges, the final consumer price has crossed ₹1 lakh.
Company Details
This article is focused on the broader commodity market and does not mention specific companies or corporate entities involved in the trade or production of gold.
Summary
Gold prices in India have reached unprecedented levels, nearing ₹1 lakh per 10 grams in the spot market. This milestone comes in the backdrop of global geopolitical tensions, particularly in the U.S., which have driven investors towards gold. The sharp rise in prices has been observed both in the domestic retail market and on the MCX, where gold futures recorded a new all-time high.
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