Tue Apr 22 09:15:54 UTC 2025: ## Gold Prices Soar to Record Highs Amidst Global Uncertainty
**New Delhi, April 22, 2025** – Gold prices surged to record highs on Tuesday, driven by a confluence of factors including concerns over US monetary policy and ongoing global trade tensions. On the Multi Commodity Exchange (MCX), gold futures hit ₹1,00,000 per 10 grams for the first time, a jump of over 2%. Similarly, international gold futures reached a record high of $3,509.06 per ounce before settling slightly lower.
The surge was fueled by investor flight to safe haven assets following US President Donald Trump’s announcement of plans to restructure the Federal Reserve. This, coupled with persistent global trade war anxieties, led to a significant increase in demand for gold. Local Indian markets also saw a substantial increase in buying, with jewellers and stockists anticipating heightened demand during the upcoming Akshaya Tritiya festival and wedding season. In the national capital, gold of 99.9% purity reached ₹1,01,600 per 10 grams, a rise of ₹1,800. Silver prices, however, remained relatively stable. Analysts attribute the remarkable 29% increase in gold prices since December 2024 to these macroeconomic uncertainties.
First Piper 