Gold Prices Hit Record High

Gold prices hit a fresh all-time high on Friday, both globally and in India. On the Multi Commodity Exchange (MCX), gold surged to a record ₹93,736 per 10 grams, while the 8-gram gold rate touched ₹69,960, in Kerala, reflecting the sharp rally in the international market and growing global uncertainty. Now, one gram of gold costs ₹8745.

Spot gold also scaled new peaks globally, breaching the crucial $3,200 per ounce level for the first time. It rose 1.3% to $3,216.48 an ounce, after touching a session high of $3,219.73. U.S. gold futures were also up by 1.9%, trading at $3,236.

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The surge in gold prices is largely driven by safe-haven buying as trade tensions heat up. U.S. President Donald Trump recently raised tariffs on Chinese imports to 145%, although he announced a 90-day pause for certain countries.

China has responded with tariff hikes of its own, triggering fresh concerns over a prolonged U.S.-China trade war.

Back home, MCX gold opened at ₹92,463 per 10 grams, up from ₹92,033 the previous day, and soared to ₹93,736. At 12:10 PM, it was trading 1.33% higher at ₹93,254. MCX Silver also joined the rally, trading at ₹92,388 per kg, up 0.87%.

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The gold price in India stood at ₹8,635 for 1 gram of 22-carat gold (up ₹255), and ₹69,080 for 8 grams, up by ₹2,040 on Thursday.

While gold typically shines during geopolitical tensions, the current levels are already significantly elevated. Investors may consider waiting for a dip or consulting a financial advisor before making large purchases.