It’s a first! Gold prices cross Rs 80,000 per 10 grams as investors park funds in yellow metal

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Times of India 10h ago

It’s a first! Gold prices cross Rs 80,000 per 10 grams as investors park funds in yellow metal - Times of India

Quick Summary:

For the first time, gold prices have surpassed Rs 80,000/10 gm due to increased demand from investors seeking a safe haven amidst potential market volatility caused by an anticipated disruptive Donald Trump presidency and the global weakening of the dollar.

This pattern has prompted global investors to shift from dollar investments to gold, resulting in price appreciation.

Renisha Chainani, research head at Mumbai-based Augmont Gold, attributed the gold price surge to Trump-era policies, including increased tariffs and trade uncertainties.