Gold prices in India climbed to fresh records, with MCX futures around ₹1.28 lakh per 10 grams into Dhanteras week. Physical demand and safe-haven flows widened city premiums, while global benchmarks also hovered near record territory. Retail interest strengthened despite sticker shock, with jewellers cautioning about potential supply tightness. Strategists point to lower real yields, global macro uncertainty and festive buying as key drivers. Risk remains of near-term volatility if profit-taking accelerates or global rates expectations shift quickly.