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Gold prices reached a new record high today, crossing the ₹7,000 per gram mark in major Indian cities, driven by global economic uncertainty and increased demand for safe-haven assets.

Price Movements

  • 24-carat gold: ₹7,050 per gram (up ₹150)
  • 22-carat gold: ₹6,450 per gram (up ₹135)
  • Silver: ₹85 per gram (up ₹3)

Factors Driving Prices

Several factors are contributing to the surge:

  • Geopolitical tensions in key regions
  • Weakening dollar against major currencies
  • Increased institutional investment in gold ETFs
  • Inflation concerns in major economies

Silver Performance

Silver prices also showed strong gains, trading at ₹85 per gram, supported by industrial demand and investment flows.

Market Outlook

Analysts predict continued upward momentum for precious metals, with some forecasting gold prices to reach ₹7,500 per gram by year-end. Investors are advised to consult financial advisors before making investment decisions.

The surge in gold prices has also boosted demand for gold-backed investment products and jewelry sales in the domestic market.