Gold Prices Surge to ₹85,000 as Indian Rupee Hits Record Low

The Indian rupee's sharp depreciation and global economic concerns drive gold to historic highs, with investors seeking refuge in the yellow metal.

Gold prices in India have surged to a record ₹85,300 per 10 grams, reflecting a sharp monthly increase of ₹5,950 due to heightened demand for safe-haven assets.
The Indian rupee has plummeted to an all-time low of ₹87.17 against the US dollar, driven by global economic instability and a strong dollar fueled by US tariff policies.
US President Donald Trump's new tariffs on Canada, Mexico, and China have stoked fears of a trade war, raising inflation concerns and impacting global economic growth.
Gold futures in the international market also hit an all-time high of $2,862.90 per ounce, reflecting strong global demand for bullion amidst economic uncertainty.
Experts attribute the surge in gold prices to both the rupee's depreciation and broader global trends, with analysts predicting continued volatility in the bullion market.