India Gold Prices Surge as Global Bullion Markets Rally
Gold prices in India have risen to near Rs. 1.45 lakh per 10 grams, while silver has climbed above Rs. 2.25 lakh per kg on Monday.
This follows a rally in global bullion markets amid renewed safe-haven demand. The price of spot gold rose by 1.4% to reach $4,110.56 per ounce and US gold futures increased by 1% to reach $4,112.10 per ounce by 0200 GMT.
The domestic rally mirrored strong global developments, which included a slight easing of tensions in the Middle East region before the Fed's rate decision.