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Gold Prices Soar Past ₹1 Lakh as Demand Surges

Gold Prices Soar Past ₹1 Lakh as Demand Surges

Gold prices have hit a record high, crossing the ₹1 lakh mark for 10 grams in India, driven by a surge in demand from local jewellers ahead of Akshaya Tritiya and the wedding season. On Tuesday, gold soared by ₹1,800 to reach ₹1,02,100 per 10 grams, reflecting a significant increase of nearly 29% since December 2024. Experts attribute this jump to global economic uncertainties and tensions regarding US interest rates. As the festive season approaches, the cultural significance of purchasing gold will likely keep demand strong, regardless of price fluctuations.

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