Gold prices in India soared to all-time highs on Tuesday (October 14), with 24-karat gold trading at ₹1.28 lakh per 10 grams. The surge comes as global gold hit a record $4,162 per ounce, buoyed by expectations of US Federal Reserve rate cuts, ongoing geopolitical tensions, and strong investor demand.

Year-to-date, gold has climbed nearly 58%, breaking the $4,100 an ounce threshold for the first time.

Analysts attribute the rally to a combination of economic uncertainties, anticipated monetary easing, robust central bank purchases, and significant inflows into gold-backed exchange-traded funds (ETFs).

OANDA senior analyst Kelvin Wong noted that while US-China trade tensions contribute, the primary driver is rising bets on continued Fed interest rate cuts, which reduce opportunity costs

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