Gold prices moved higher in domestic and international markets as investors sought safety amid global uncertainty. Precious metals typically attract strong demand during periods of geopolitical tension and financial market volatility.
The rise in gold prices was also supported by a weaker US dollar and expectations that central banks may maintain accommodative policies to support economic growth. In India, strong festive and investment demand has also supported the bullion market.
Analysts believe gold may continue to remain firm if global uncertainties persist, as investors increasingly diversify portfolios with safe-haven assets.
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