Overview

• Gold prices globally have reached over $3,400 per ounce, marking an all-time high driven by geopolitical uncertainty and economic volatility.
• In India, physical gold prices have crossed the Rs 1 lakh per 10 grams milestone, a first in the nation's history.
• The weakening US dollar, now at multi-year lows, has made gold more affordable for international buyers, bolstering demand.
• President Trump’s criticism of Federal Reserve Chair Jerome Powell and escalating US-China trade disputes have heightened market instability, pushing investors toward gold.
• Central banks worldwide, including those in China and India, continue to accumulate gold reserves, further supporting the metal's price surge.