Gold prices have been hitting all-time highs and have crossed ₹76,424/10 grams on India's MCX. A 50 basis-point cut in interest rates by US Federal Reserve and geo-political tensions over Israel-Hezbollah and Russia-Ukraine conflicts are hiking demand and driving prices up. Additionally, central banks buying more gold to reduce dependence on US dollar is also contributing to price growth.
short by
Ashley Paul /
10:06 am on
29 Sep