Gold prices hit record high as spot market surpasses Rs 83,000

economictimes.indiatimes.com

Gold prices reached a record high on Friday, with spot prices surpassing Rs 83,000 and MCX futures hitting Rs 80,312 per 10 grams. This surge follows comments from U.S. President Trump about pressuring the Federal Reserve to lower interest rates. The increase in gold prices is attributed to safe-haven buying amid economic uncertainty. This marks the eighth consecutive day of gains for gold, with January futures up 4.5% so far. In international markets, Comex gold futures also rose, reflecting a broader trend. Investors are monitoring upcoming economic data and events that may influence future gold prices.


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