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Commodities

India Gold Prices Surge as Global Bullion Markets Rally

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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.

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