Gold prices climbed to a seven-week high on Thursday as investors turned to the safe-haven asset despite hopes of easing US-Iran tensions. MCX gold gained over Rs 1,200 per 10 grams.
Mumbai, Dec 14 — The bullish momentum in gold and silver markets remains intact despite recent profit-booking by investors, analysts say. Both metals have recorded substantial gains in recent weeks, driven by global economic uncertainty, safe-haven demand, and expectations of potential interest rate cuts by central banks. Experts highlight that short-term corrections caused by profit-taking.
Gold price in India rises to Rs 1,24,794 per 10 grams due to safe-haven demand and a weaker dollar, but falls after the end of the US government shutdown.
Gold prices hit ₹1,30,874 per 10g ahead of Diwali 2025, rising 18% in a month. Trade tensions and Fed signals fuel investor demand for safe-haven assets.