Gold prices touch record high amid global uncertainties

Gold prices continued to rise for the eighth day this week, increasing by Rs 200 to cross the Rs 83,000 mark per 10 grams for the first time in the national capital, as market concerns about policy uncertainty under US President Donald Trump pushed demand for the yellow metal.

As per the All India Sarafa Association, gold with 99.9 per cent purity reached a new record high of Rs 83,100 per 10 grams on Friday, up from Rs 82,900 on Thursday.

International gold prices also jumped to a near three-month high on Friday as it is trading around $2780, marking their fourth consecutive weekly gain.

Several factors are driving the rise in gold prices, including strong demand in the spot market, and positive global cues.