Overview

• Gold futures surpassed ₹1,00,000 per 10 grams in India for the first time, with October contracts reaching ₹1,00,484 on the Multi Commodity Exchange (MCX).
• Global gold prices hit a record $3,504 per ounce as investors sought refuge from geopolitical and economic instability.
• US-China tariff disputes and President Trump's criticism of Federal Reserve Chair Jerome Powell have fueled market volatility, bolstering gold's appeal.
• Central bank gold purchases, exceeding 1,000 tonnes annually for three consecutive years, continue to underpin the rally.
• Analysts caution investors about high price volatility and recommend careful risk management as gold extends its four-day bull run.