GOLD SURGES PAST RS 1 LAKH MARK
Gold prices soared to a record high on Monday. They breached the Rs 1 lakh per 10gm mark in the Indian market. The yellow metal hit $3,430 per ounce in the international spot market.
In Delhi, gold was selling at Rs 1,00,250 with taxes. The prices surged due to the ongoing trade tensions between the US and China.
On the Multi Commodity Exchange (MCX), gold futures rose to Rs 97,365. Since January 1, 2025, gold prices have gained 30%.
Experts attribute the price hike to China’s consistent dollar sales and gold purchases amid tariff wars. The weakening dollar has also strengthened the Indian rupee.
“Gold prices will continue to rise due to global economic uncertainty,” said industry experts. The surge in gold prices is expected to impact jewelry sales.
