Gold hits record high in India: What's behind the jump
Gold just hit a record high of ₹1,10,402 per 10gm on the MCX this Monday, while silver climbed to ₹1,30,658 per kg.
The jump comes as investors look for safer bets during global tensions and ahead of key US inflation data.
Why gold's shining so bright
If you're wondering why gold's suddenly so popular: the US Fed recently cut rates by 25 basis points and hinted at more cuts this year, making gold a go-to for anyone worried about inflation.
Add in a weaker rupee and sluggish stock markets, and it's no surprise demand for gold is booming—prices are up over 40% in 2025 alone.
What's happening with gold and silver globally?
Big central banks are buying up gold, and worries about tariffs aren't helping calm things down.
Even though some trading signals have cooled off lately, MCX gold futures are still holding strong above key levels.
Silver is also near its highest point in 14 years.
Globally, spot gold was at $3,688.76 an ounce on Monday morning—so it's not just an India thing!