Gold Prices Hit Historic High as Yellow Metal Breaches Rs 1 Lakh Mark

Gold prices in India have surged to unprecedented levels, crossing the Rs 1 lakh mark per 10 grams. The rally continues for the fourth consecutive session, driven by global economic uncertainties and rising investor demand for safe-haven assets.  

In Delhi, the price of 24-carat gold has reached Rs 1,01,500 per 10 grams, while 22-carat gold is priced at Rs 93,050. Other major cities, including Mumbai, Chennai, and Bengaluru, have reported similar price trends, reflecting the nationwide surge in gold rates.  

The sharp increase in gold prices is attributed to multiple factors, including escalating trade tensions between the United States and China, criticism of the US Federal Reserve by President Donald Trump, and heightened geopolitical risks. Additionally, central banks worldwide have been increasing their gold reserves, further fueling the demand for the precious metal.  

On the Multi Commodity Exchange, gold futures for June delivery touched a record high of Rs 99,178 per 10 grams, marking a nearly 2 percent increase in early trading. Spot gold prices in international markets also soared, crossing $3,485 per ounce.  

Market analysts suggest that the ongoing rally may continue, with investors closely monitoring global economic developments and monetary policy decisions. The surge in gold prices underscores the metal's role as a preferred investment during periods of uncertainty.  

Price Overview:  
- 24-carat gold in Delhi priced at Rs 1,01,500 per 10 grams, with 22-carat at Rs 93,050.  
- Gold futures on MCX hit Rs 99,178 per 10 grams, reflecting strong investor interest.  
- International gold prices crossed $3,485 per ounce, marking a new all-time high.  

Sources: Times Now, News18, Moneycontrol.