Gold Hits Record High, Breaches Rs 83,000 Mark Amid Market Uncertainty
New Delhi – Gold prices soared to an all-time high, crossing the Rs 83,000 mark for the first time, as global uncertainties drive investors towards safe-haven assets.
Market analysts attribute the surge to concerns over the potential US tariffs plan and other policies under former President Donald Trump. This has led to heightened volatility in global markets, pushing investors to turn to gold as a reliable store of value.
“The current bullish momentum in gold is driven by uncertainty surrounding the potential US tariffs plan and other policies from President Trump, which has led to a recent surge in safe-haven buying,” said market expert Gandhi.
The rise in gold prices reflects growing anxiety among investors about the global economic outlook. With geopolitical tensions and trade policies under scrutiny, the precious metal is expected to remain a preferred investment option in the near future.
Traders predict that continued demand for gold as a safe asset may sustain its upward trajectory, further boosting prices in the weeks to come.