Gold prices in India have surged to fresh record highs, with October futures on the Multi Commodity Exchange (MCX) touching Rs 1,10,698 per 10 grams on September 22 and the December contract climbing to Rs 1,11,820. The rally comes amid global uncertainties, investor bets on further rate cuts by the US Federal Reserve and consistent demand from households and central banks.

But what are the broader factors that usually drive gold higher?

We have discussed seven key factors that generally tend to drive gold prices higher, though not all of them may be in play at the same time.

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1. Geopolitical tensions

Wars, conflicts and political instability create fear in markets. At such times, gold’s reputation as a stable store of value strengthens. That is w

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