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Gold Hits Record High of Rs 91,950/10g

Indian Gold Industry Forms New Self-Regulatory Body for Greater Transparency

Gold prices surged Rs 700 to a lifetime high of Rs 91,950 per 10 grams on Wednesday, driven by strong jeweller demand ahead of the wedding season and rising Middle East tensions. Spot gold also hit a record USD 3,045.39 per ounce. Central banks’ aggressive gold buying and inflows into gold exchange-traded funds (ETFs) are supporting the uptrend. Experts predict gold could reach USD 4,000 per ounce by 2025.

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