Gold prices surged to a record-breaking Rs 65,410 (24k) per 10 grams on March 5, the highest closing since contracts were first issued in 1974. Following a record-breaking peak in December 2023 when the price reached Rs 64250, comes this amazing milestone.The most recent increase in gold prices comes after two weeks of advances against a backdrop of noteworthy economic data. Notably, February saw a drop in US inflation, the value of the US dollar, and treasury yields, as well as the 16th consecutive month of declines in the US manufacturing sector.Surprisingly, the yellow metal has continued performing strongly, despite high interest rates and robust equity markets. Global economic uncertainties and geopolitical tensions and resilience to several other factors have attributed towards this. Gold price in Delhi stands at ₹5,960 per gram for 22k and ₹6,500 per gram for 24k, that is also called 999 gold. It is anticipated that the equity market will keep pushing the investors to invest in safe asset like gold in future.
