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Gold in India hits ₹1.28 lakh / 10 gm ahead of Dhanteras; global gold also peaks
Gold prices in India surged to new records, reaching ₹1,28,395 per 10 grams on MCX futures ahead of Dhanteras. Globally, gold crossed $4,241/oz as risk aversion intensifies. Safe-haven demand drove the rally, alongside expectations of U.S. rate cuts and geopolitical tensions, especially between U.S. and China. Jewellery demand is expected to further fuel domestic buying during the auspicious season. However, analysts caution that sustained gains depend on stability in macro cues and return of equity momentum.
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Gold in India hits ₹1.28 lakh / 10 gm ahead of Dhanteras; global gold also peaks
Gold prices in India surged to new records, reaching ₹1,28,395 per 10 grams on MCX futures ahead of Dhanteras. Globally, gold crossed $4,241/oz as risk aversion intensifies. Safe-haven demand drove the rally, alongside expectations of U.S. rate cuts and geopolitical tensions, especially between U.S. and China. Jewellery demand is expected to further fuel domestic buying during the auspicious season. However, analysts caution that sustained gains depend on stability in macro cues and return of equity momentum.
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Gold hits record high in India and globally as Dhanteras demand and safe-haven flows surge.
Gold prices in India surged to new records, reaching ₹1,28,395 per 10 grams on MCX futures ahead of Dhanteras. Globally, gold crossed $4,241/oz as risk aversion intensifies. Safe-haven demand drove the rally, alongside expectations of U.S. rate cuts and geopolitical tensions, especially between U.S. and China. Jewellery demand is expected to further fuel domestic buying during the auspicious season. However, analysts caution that sustained gains depend on stability in macro cues and return of equity momentum.
Gold prices in India surged to new records, reaching ₹1,28,395 per 10 grams on MCX futures ahead of Dhanteras. Globally, gold crossed $4,241/oz as risk aversion intensifies. Safe-haven demand drove the rally, alongside expectations of U.S. rate cuts and geopolitical tensions, especially between U.S. and China. Jewellery demand is expected to further fuel domestic buying during the auspicious season. However, analysts caution that sustained gains depend on stability in macro cues and return of equity momentum.
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commodities
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