Gold Prices Rocket to Record High Amid Economic Concerns
Gold prices have reached an all-time high of Rs 99,178 per 10 grams due to safe-haven demand. Global gold futures also hit USD 3,504.12 per ounce amid uncertainties surrounding US monetary policy and escalating trade tensions between the US and China.
- Country:
- India
The gold market is experiencing a significant surge, with prices reaching unprecedented levels amidst ongoing economic uncertainties.
On the Multi Commodity Exchange, the June delivery contracts rose by nearly 2%, symbolizing a strong demand for safe-haven investments.
The global market is equally affected, as prices hit a fresh peak due to rising tensions in US monetary policy and trade disputes.
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