Indian Gold Prices Surge Amid Global Turmoil
Gold prices in India rose on Friday to INR 13,415.21 per gram from INR 13,362.98 a day earlier.
The price increase is part of a broader trend in which gold has become a safe-haven asset during turbulent times.
Central banks have been buying up gold reserves at an unprecedented rate, with 1,136 tonnes worth around $70 billion added to their reserves in 2022, according to the World Gold Council.