Gold Prices Surge 80% Amid Global Turmoil, Safe-Haven Demand
Indian MCX gold prices have skyrocketed 80% since last Christmas, reaching ₹1,38,097 per 10 grams. This historic surge is primarily driven by escalating geopolitical tensions, strong safe-haven demand, a weakening US dollar, and US Federal Reserve interest rate cuts.
- Indian MCX gold surged 80% to ₹1,38,097 per 10 grams since December 2024.
- International spot gold prices also rose significantly, by over 70% in 2025.
- Geopolitical tensions and strong safe-haven demand fueled gold's historic rally.
- Weakening US dollar and Federal Reserve rate cuts further boosted gold's appeal.
- Robust central bank buying contributed to gold's best annual gain since 1979.
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