Gold prices have hit an all-time high, with the international gold rate crossing $4,000 per ounce for the first time in history. This surge has impacted Indian markets as well, where the price of 10 grams of gold on the MCX reached ₹1,22,000, setting a new record.

In the international spot market, gold touched a record of $4,002.53 per ounce, while on the U.S. Commodity Exchange, December gold futures rose 0.5% to $4,025 per ounce.

In India, December gold futures climbed to ₹1,22,101, showing a 0.69% increase. Silver followed the same trend, with silver futures rising 0.73% to ₹1,46,855 per kg.

Experts attribute the gold rally to global economic uncertainty and political tensions. Factors such as the U.S. government shutdown risk, France’s political instability, economic troubles in Japan and Argentina, and the intensifying Russia–Ukraine conflict have pushed investors toward gold as a safe-haven asset.

Additionally, expectations of a Federal Reserve interest rate cut, large-scale gold purchases by central banks, and increased investments in Gold ETFs have further boosted prices. Gold prices have already risen over 55% this year, and analysts believe they could rise even further if current global conditions persist.