Gold prices surged in futures trading on Thursday as investors turned to safe-haven assets amid ongoing geopolitical tensions and uncertainty in global markets.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery climbed by ₹926, or 0.58%, to reach ₹1,59,445 per 10 grams. The rise was supported by fresh buying interest from traders and a positive trend in international bullion markets.
Market analysts attributed the gain to increased demand for gold as investors sought protection against global economic and geopolitical risks. Gold is often viewed as a safe-haven investment during periods of uncertainty, leading to higher demand when market volatility increases.
A firm trend in overseas markets also contributed to the upward movement in domestic gold futures. Strength in global gold prices generally influences trading sentiment in the Indian market, encouraging investors to increase their positions in the precious metal.
The latest rally reflects continued investor caution over global developments, with traders closely monitoring economic indicators and geopolitical events that could impact financial markets in the coming weeks.
Gold remains one of the preferred assets for investors seeking stability during uncertain times, helping support prices both in domestic and international markets.