Gold Prices Hit Record Highs Amid Global Uncertainty: Will the Rally Continue or Lose Its Shine?

Gold prices have soared to lifetime highs, touching Rs 95,000 per 10 grams, as global economic tensions and safe-haven demand push the precious metal to new peaks. The rally, which had paused briefly over the past few sessions, has reignited amid escalating global uncertainties.

The renewed surge in gold prices comes as a result of multiple factors, most notably a weaker dollar, trade war fears, and concerns about global economic stability. These elements have led to increased investor interest in gold, traditionally seen as a safe-haven asset in turbulent times.

One of the major triggers for this sharp movement has been the anticipation surrounding U.S. President Donald Trump’s tariff plans. Even before the official announcement, markets were on edge. This anxiety fueled safe-haven inflows, as investors braced for potential retaliation from global trade partners and the onset of a full-blown trade war.

“Heavy central bank buying and growing fears of economic disruption contributed to the sharp rise in gold prices.” Many investors also shifted towards physical gold deliveries, avoiding cash settlements amid worries that tariffs could affect logistics and international shipments.

At Rs 95,000 per 10 grams, the gold market is now just 5% away from the psychological milestone of Rs 1 lakh—a figure that could become a self-fulfilling target if global fears persist.

However, opinions are now split. While the bulls believe that the global backdrop remains supportive of gold, bears argue that if the dollar strengthens or trade tensions ease, we could see a sharp correction in prices.

For now, one thing is clear: gold is back in the spotlight, driven by fear, uncertainty, and investor caution.