Gold price futures surged to Rs 72,423 per 10 grams on India’s MCX, echoing the global market’s uptrend where the precious metal hit a new peak at $2,395.29 per ounce.
Reflecting a 1.09% rise from the previous session, MCX gold futures climbed Rs 779 per 10 grams, driven by heightened geopolitical tensions worldwide. Retail prices varied across major Indian cities, with Delhi hovering at around Rs 72,380 per 10 grams for 24-carat gold, while Chennai recorded the highest at Rs 73,370.
The surge in gold prices internationally, spurred by central bank purchases and geopolitical uncertainties, has seen a 15% increase this year, impacting domestic prices in India, the world’s second-largest gold importer.
