Gold Prices Surge Amid Global Market Calm and Safe-Haven Demand
Gold prices rose by Rs 950 to Rs 97,500 per 10 grams in the national capital due to a firm trend in overseas markets. This followed a sharp drop the previous day. Global factors such as tariff reliefs between the US and China and geopolitical tensions also impacted gold's demand.
- Country:
- India
Gold prices in the national capital surged by Rs 950, reaching Rs 97,500 per 10 grams amid a strong overseas market trend, as reported by the All India Sarafa Association.
The precious metal's increase followed a sharp fall the previous day, when prices plummeted by Rs 3,400 per 10 grams.
Despite recent global tariff reliefs between the US and China, geopolitical tensions such as Israeli airstrikes in Yemen have bolstered safe-haven demand, causing gold prices to rebound.
(With inputs from agencies.)
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