Gold Prices Surge Past 1.50 Lakh per 10 Grams on Global and Geopolitical Factors

Gold Prices Surge Past 1.50 Lakh per 10 Grams on Global and Geopolitical Factors

New Delhi, Apr 30 (BNP): Gold prices advanced in futures trade on Thursday, climbing by ₹1,791 to cross the ₹1.50 lakh mark per 10 grams, supported by firm international trends and safe-haven buying.

The rise came after the US Federal Reserve held interest rates steady, which boosted demand for gold amid ongoing global uncertainty. Continued geopolitical tensions in West Asia also added to investor interest in the precious metal.

On the Multi Commodity Exchange (MCX), gold contracts for June delivery gained 1.2% to settle at ₹1,50,841 per 10 grams, with a trading volume of over 9,200 lots.

Domestic commodity markets will remain closed for the morning session on Friday on account of Maharashtra Day.

 
 

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