India experienced a historic surge in gold prices on Thursday, with the Multi Commodity Exchange (MCX) reporting a new all-time high of ₹76,899 per 10 grams.
Earlier in the day, spot gold prices increased by 0.6% to $2,689.86 per ounce, while US gold futures rose by 0.5% to $2,705.30.
The market analysts have attributed this remarkable surge to a combination of various factors, reflecting broader economic trends and investor sentiments.
The significant rise in gold prices has reflected its ongoing appeal as a safe-haven asset in times of uncertainty, drawing attention from both domestic and international investors.
