Gold Prices Surge 7% Amid Global Uncertainty
Gold prices have surged approximately 7% in the last week, marking their strongest weekly gain in eight months. The precious metal has seen strong buying interest due to global economic and geopolitical uncertainty, solidifying its status as a safe-haven asset.
The current market trend shows that gold rates remain high across major cities in India. According to the latest rates, 24K gold is priced above Rs 15,000 per gram in all six listed cities, while 22K gold is above Rs 13,900 per gram. Delhi has the highest quoted gold rates among these cities.
The rally was supported by easing crude-oil prices, expectations surrounding interest rates, geopolitical developments, and continued central-bank buying. However, it's essential for buyers to note that the rates mentioned are indicative market rates and may not reflect the actual price paid after adding GST, making charges, wastage charges, and other applicable costs.