Gold futures in the US have achieved a historic milestone, surpassing the $4,000 per ounce mark for the first time. This remarkable surge is driven by escalating global uncertainties, including political upheaval and economic instability, prompting investors to flock toward this traditional safe-haven asset.
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Current Gold Prices in Major Indian Cities
| City | Price (24K, per 10 gm) |
|---|---|
| Delhi | ₹1,20,750 |
| Mumbai | ₹1,20,960 |
| Kolkata | ₹1,20,800 |
| Bengaluru | ₹1,21,050 |
| Chennai | ₹1,21,310 |
Source: India Bullions Association (as of October 8, 2025, 7:45 AM)
Why Gold Prices Are Skyrocketing
Geopolitical Tensions: Ongoing political instability across various regions has intensified demand for gold as investors seek portfolio protection.
Economic Uncertainty: Concerns about inflation, currency fluctuations, and recession fears are pushing capital toward precious metals.
Central Bank Purchases: Major central banks worldwide have been accumulating gold reserves, further tightening supply and driving prices upward.
Global vs. Domestic Impact
| Market | Rate | Change |
|---|---|---|
| US Gold Futures | $4,000/oz | New record high |
| Indian Gold (Avg) | ₹1,21,180/10gm | Up 0.8% |
The international surge has directly impacted Indian markets, with domestic prices climbing in tandem. According to the India Bullions Association, steady demand during the festive and wedding season is adding additional pressure on prices.
Should You Buy Gold Now?
For Investors: Gold remains an excellent hedge against inflation and currency devaluation. However, buying at record highs carries risk if prices correct in the short term.
For Consumers: If you’re planning jewelry purchases for upcoming occasions, consider splitting your buying across multiple months to average out costs.
Expert Tip: Diversify your portfolio rather than going all-in on gold. Consider a mix of physical gold, gold ETFs, and sovereign gold bonds for balanced exposure.
For more insights on commodity markets and investment strategies, explore our finance and investment section at TechnoSports.
Track real-time gold prices and market analysis at World Gold Council and MCX India.
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