Gold Prices Reach Record Highs Amid Global Economic Uncertainty

Gold prices have surged to new all-time highs in both domestic and international markets, driven by anticipation of further monetary easing by the United States Federal Reserve and increasing geopolitical tensions that have amplified the demand for safe-haven assets. In the domestic futures market, gold prices reached a lifetime peak of Rs1,38,676 per 10 grams on the Multi Commodity Exchange (MCX) on Wednesday. Gold futures for February delivery increased by Rs791, or 0.57%, marking the third consecutive session of gains for the precious metal.

In global markets, Comex gold futures advanced for the fourth consecutive session, rising by $49.40, or 1.10%, to a record high of $4,555.10 per ounce. Jigar Trivedi, Senior Research Analyst at Reliance Securities, commented, "Gold surged past $4,500 per ounce to a fresh record, driven by expectations of further Federal Reserve easing and rising geopolitical tensions. Investors are still pricing in two rate cuts in 2026 as inflation cools and employment conditions soften, even as policymakers remain divided. Meanwhile, tensions between the US and Venezuela have been rising, which has lifted safe-haven demand and increased geopolitical risks across commodity markets."

City-wise gold prices in India have also reflected these trends:

In Delhi, 22 carat gold is priced at Rs12,750 per gram, up by Rs35, while 24 carat gold stands at Rs13,908 per gram, increasing by Rs38. The price for 18 carat gold is Rs10,435 per gram, gaining Rs29.

In Mumbai, 22 carat gold is available at Rs12,735 per gram, also up by Rs35, while 24 carat gold is at Rs13,893 per gram, rising by Rs38. The 18 carat variant is priced at Rs10,420 per gram, higher by Rs29.

Bengaluru sees 22 carat gold at Rs12,735 per gram, matching the increase of Rs35, with 24 carat gold at Rs13,893 per gram, up by Rs38. The 18 carat gold rate is Rs10,420 per gram, also up by Rs29.

In Hyderabad, the price for 22 carat gold is Rs12,735 per gram, up Rs35, while 24 carat gold stands at Rs13,893 per gram, gaining ₹38. The 18 carat gold rate is Rs10,420 per gram, increasing by Rs29.

Chennai has reported 22 carat gold at Rs12,800 per gram, a rise of Rs30, with 24 carat gold priced at Rs13,964 per gram, up by Rs33. The 18 carat gold rate is Rs10,675 per gram, gaining Rs25.

In Ahmedabad, the price for 22 carat gold is Rs12,740 per gram, up by Rs35, while 24 carat gold stands at Rs13,898 per gram, increasing by Rs38. The 18 carat gold rate is Rs10,425 per gram, up by Rs29.

Jaipur witnesses 22 carat gold priced at Rs12,750 per gram, gaining Rs35, while 24 carat gold is at Rs13,908 per gram, up by Rs38. The 18 carat variant is priced at Rs10,435 per gram, up by Rs29.

Kanpur reports 22 carat gold at Rs12,750 per gram, a rise of Rs35, while 24 carat gold is at Rs13,908 per gram, up by Rs38. The 18 carat gold rate stands at Rs10,435 per gram, gaining Rs29.

In Kolkata, 22 carat gold is priced at ₹12,735 per gram, up by Rs35, while 24 carat gold stands at Rs13,893 per gram, gaining Rs38. The 18 carat gold rate is Rs10,420 per gram, higher by Rs29.