Gold Prices Hit Record High in India

Gold prices in India surged to an all-time high of ₹85,000 per 10 grams on February 4, 2025. This sharp increase was driven by global uncertainties and strong investor demand. Globally, spot gold prices reached $2,853.97 per ounce.

Several factors contributed to this rise. Tensions between the US and China over trade, a weakening US dollar, and inflation risks played a role. Investors turned to gold as a safe asset amid global instability.

Experts believe the rally may continue. Some predict that gold could cross $3,000 per ounce this year. However, they advise investors to assess risks carefully before making decisions.

The current market conditions highlight the need to monitor global economic trends and understand the factors driving gold demand.