Gold Prices Hit Historic High Ahead of Diwali; Should You Buy Now? | India Today

Описание: Gold prices have reached a historic high, crossing ₹1.22 lakh per 10 grams just a week before the festive season of Dhanteras and Diwali. This record surge is driven by multiple factors, including global uncertainty, a weakening dollar, and the expectation of US interest rate cuts. The segment explores the reasons behind the rally, which has seen gold prices surge by 50% this year. As Sakshi Batra reports, “Gold prices have shattered all sorts of records in the domestic physical market. We see now gold prices trending at 1,25,000 rupees per 10 grams.” Geopolitical unrest in France, the ongoing Ukraine-Russia war, economic uncertainty from the Mrs.5 government shutdown, and increased gold purchases by global central banks are also contributing to its safe-haven appeal. The report breaks down what this rally means for those planning to buy gold. #goldprice #goldrally #recordhigh #goldinvestment #dhanteras #diwali #festivebuying #marketupdate #safehaven #economicuncertainty #federalreserve #commodities #yellowmetal #investment #gold
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