Gold Hits Record High..

Gold prices soared to an all-time high, crossing the ₹92,000 mark per 10 grams, amid rising geopolitical tensions between the United States and China. The sharp spike is attributed to growing investor concerns over the global economic impact of the escalating rivalry between the world’s two largest economies. As uncertainty grows, investors are increasingly turning to gold, a traditional safe-haven asset, to protect their wealth.

Market analysts say the current rally in gold prices is largely driven by fears of further sanctions, trade restrictions, and potential military friction between the US and China. With both countries engaging in strong diplomatic rhetoric and actions that have unsettled global markets, commodities like gold and silver are witnessing a surge in demand.

This sharp rally has taken the Indian market by surprise, where gold prices have jumped by nearly ₹1,500 in a single trading session. The 24-carat gold, which was already trading at elevated levels due to inflationary concerns and a weaker rupee, has now breached the ₹92,000 mark for the first time. Silver has also followed the trend, gaining significantly in the last few days.

Experts believe that this is not just a temporary spike. If global tensions continue to rise, gold could touch new highs in the coming weeks. Domestic investors are advised to stay cautious but optimistic, as precious metals are likely to remain in focus. Gold Exchange-Traded Funds (ETFs) and sovereign gold bonds have also seen renewed interest from retail investors looking to diversify their portfolios in volatile times.

In addition to geopolitical factors, global inflation and expectations of interest rate cuts by major central banks are also contributing to the price surge. Lower interest rates typically reduce the opportunity cost of holding gold, making it a more attractive investment option.

The jewelry industry, however, is facing challenges as the high prices are impacting consumer demand. Retailers report a slowdown in physical gold purchases, especially ahead of the wedding season, traditionally a strong period for gold sales in India.

As investors closely monitor the unfolding global situation, gold is expected to continue shining bright in the near future.