Gold prices in India surged to a fresh record on Tuesday, crossing the ₹1,16,000 per 10 gm mark amid festive demand and global safe-haven buying. The yellow metal was quoted at ₹1,16,410 in the domestic market, up by ₹1,470 from Monday’s close of ₹1,14,940, according to the India Bullion Co. Advertisement

This new peak eclipses the earlier high of ₹1,14,360 on September 23. Gold had already breached the ₹1,10,000 level on September 15, driven by expectations of a U.S. Federal Reserve rate cut—a move that analysts say will continue to support bullion prices.

A commodities expert noted that with the labour market and inflation still weighing on the U.S. Federal Reserve, policymakers are likely to keep monitoring data closely. The expert added that while the outlook for gold remains positi

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