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Gold prices jump to ₹13,048/gram in India
Business
Gold prices climbed on Monday, with 24K gold now at ₹13,048 per gram.
Prices for 22K and 18K gold also went up.
Why does this matter?
Gold is getting more expensive because people see it as a safe bet when the economy feels shaky—especially with US retail sales slowing down and inflation rising.
With talk of a possible US interest rate cut soon, both investors and central banks are snapping up gold.
What's behind the surge?
The buzz is all about global uncertainty: high debt levels, geopolitical tension, and hints from the US Federal Reserve that rates might drop.
Even silver prices are spiking, showing that precious metals are having a moment both in India and worldwide.