The Indian bullion market witnessed a remarkable surge in gold prices, with 24-carat gold crossing the Rs 1,00,000 mark per 10 grams for the first time ever. This significant increase in gold prices was attributed to a combination of factors, including heightened global demand for the yellow metal, geopolitical tensions, and a weakening U.S. dollar.

1. Heightened Global Demand for Gold
2. Geopolitical Tensions and Global Instability
3. Weakening U.S. Dollar and Expectations of Interest Rate Cuts
4. Increased Accumulation of Gold Reserves by Central Banks

The India Bullion and Jewellers Association (IBJA) reported that the price of 24-carat gold surged from Rs 96,670 to Rs 1,00,000 per 10 grams — a sharp increase of Rs 3,300 within 24 hours.

Market experts attributed the dramatic price surge to heightened global demand for gold as a safe-haven asset amid ongoing geopolitical and economic uncertainty. “The yellow metal’s new all-time high is primarily driven by escalating tensions between President Trump and Federal Reserve Chair Jerome Powell over potential interest rate cuts,” said Colin Shah, Managing Director of Kama Jewellery.