Gold Prices Hit Record High

In an unprecedented event, gold prices have crossed the Rs 80,000 mark per 10 grams, as reported by the India Bullion and Jewellers Association (IBJA). This surge is attributed to investors seeking safe-haven assets amidst global economic uncertainties and a weakening dollar.

Impact of Global Factors

The global scenario, including anticipated policies under the Donald Trump presidency, has led to increased volatility in the markets. The dollar index's retreat has further propelled the shift towards gold, highlighting its status as a secure investment during times of uncertainty.

Market Reactions and Future Outlook

While the price increase reflects growing investor confidence in gold, it raises concerns over its impact on retail jewellery sales, especially during the wedding season. Experts predict that geopolitical clarity and changes in the dollar trend could stabilize gold prices by mid-2025.