Gold prices on the Multi Commodity Exchange of India (MCX) surged to yet another record high on Wednesday, fueled by a weakening US dollar and escalating global trade tensions. As of 3:07 PM, gold was trading at ₹95,172 per 10 grams, after reaching an all-time high of ₹95,435.”
Gold prices globally have also been hitting fresh highs, surpassing USD 3,300 per ounce.
The latest rise in global gold prices is also attributed to strong demand, including investments from various central banks through Exchange Traded Funds (ETFs). Persistent geopolitical tensions have further boosted gold’s appeal as a safe-haven asset.
Gold is often considered a hedge against uncertainty, and the returns in recent times have been remarkable.
Publicly available data shows that gold prices have surged at an unprecedented pace in 2025, rising over 20 per cent so far. Over the past year, they have climbed around 40 per cent.
According to Sachin Jain, Regional CEO (India) at the World Gold Council (WGC), the fundamentals of gold as an asset class remain ‘very strong’ and are expected to remain so throughout the year.
(ANI)
