Indian Gold Futures Hit Record High Amid Global Uncertainty

Gold prices in India touched historic levels today, with futures on the Multi Commodity Exchange (MCX) climbing past ₹159,820 per 10 grams. The sharp rise of over 1.7% underscores the metal’s role as a safe-haven asset amid global economic and geopolitical concerns.

Market experts attribute the surge to heightened international demand, a softer rupee against the US dollar, and persistent inflationary pressures. The record-breaking rally comes at a time when investors are increasingly turning to gold as a hedge against volatility in equity and currency markets.

Key Highlights

• Record Price: Gold futures hit ₹159,820 per 10 grams, up 1.7%.
• Global Drivers: Safe-haven demand amid geopolitical tensions and inflation worries.
• Currency Impact: Weakness in the rupee added upward pressure on domestic prices.
• Investor Sentiment: Rising preference for gold as a hedge against market volatility.
• Outlook: Analysts expect continued fluctuations, with potential for further highs if global uncertainty persists.

Sources: Reuters, Business Standard, Economic Times