Gold Prices Hit Record High in India and Globally - Check Today’s Rates

Gold Prices: Ahead of the festival of Akshaya Tritiya, gold prices in India surged sharply. In Delhi, the price of 24-karat gold rose by Rs.1,650 to Rs.99,800 per 10 grams. With GST, the price has crossed Rs.1 lakh in many places.

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MCX Gold Futures at All-Time High

On the Multi Commodity Exchange (MCX), gold futures for June 5, 2025, reached a new peak of Rs.98,910 per 10 grams. This is the highest level recorded so far.

Global Gold Prices Also Set New Records

Gold prices are also soaring globally. Spot gold jumped 1.7% to $3,482.26 per ounce after touching a record high of $3,494.66. US gold futures increased by 2% to $3,492.60 per ounce.

Why Is Gold So Costly Right Now?

There are several reasons for the price rise:

• Increased demand for gold as a safe investment during global tensions.
• Political uncertainty in the US after President Trump's criticism of Federal Reserve Chair Jerome Powell.
• A drop in the US dollar value and interest rate cuts by the European Central Bank (ECB).

Experts say unless there’s a major improvement in US-China trade talks, gold may continue to rise.

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