Gold prices continued to trade near record highs as investors preferred safe-haven assets amid rising geopolitical tensions and uncertainty over global monetary policy. Concerns over the Middle East conflict and expectations regarding future interest rate decisions by major central banks supported demand for the precious metal. Domestic gold prices also remained elevated due to firm international prices and a relatively stable rupee. (reuters.com)
Jewellers reported steady buying ahead of the festive and wedding season, although high prices have encouraged many consumers to opt for lighter jewellery and gold coins. Analysts expect gold to remain volatile in the short term, with prices likely to react to geopolitical developments, inflation data and central bank commentary.
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