Gold prices hit record high amid global tensions

Gold prices soared to an all-time high on Monday, May 20. US gold futures also increased by 1.5% to $2,453.20.

In India, the price of 24K gold jumped by ₹540 to ₹75,160 per 10 grams, mirroring the global trend. Renewed geopolitical tensions in the Middle East have contributed to the rise in gold prices.

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The spot gold price hit a record $2,450.49 per ounce earlier today. This year, gold prices have increased by 18.65%, surpassing the returns of equities and bonds.