Gold Prices Hover Near Record Highs as Investors Eye Federal Reserve Meeting
Geopolitical tensions, economic uncertainty, and expectations of U.S. interest rate cuts fuel a continued rally in gold and silver markets globally and in India.
- Global gold prices remain close to $3,000 per ounce after hitting a record high of $3,004.86 last week.
- Indian gold prices reached an all-time high of ₹90,750 per 10 grams, reflecting strong global trends.
- Geopolitical risks, including U.S. military actions in Yemen and Israeli strikes in Gaza, are driving demand for safe haven assets like gold.
- The Federal Reserve's upcoming monetary policy meeting is expected to influence gold prices further, with potential interest rate cuts anticipated.
- Silver has also surged to historic levels, with international prices at $33.76 per ounce and Indian prices at ₹1,02,500 per kilogram.