Daijiworld Media Network - Mumbai

Mumbai, Oct 9: Gold prices in India surged to an all-time high on Thursday, crossing the Rs 1,23,430 mark per 10 grams, amid heightened festive season demand and renewed global economic uncertainties.

According to data from the India Bullion and Jewellers Association (IBJA), gold prices jumped over Rs 2,000 compared to Wednesday’s rate of Rs 1,21,180. The global rally also pushed bullion prices to $4,000 an ounce, marking a historic milestone in the international market.

Market analysts attributed the surge to a combination of factors including safe-haven buying triggered by political tensions, fears of a possible US government shutdown, and expectations of further interest rate cuts by the US Federal Reserve.

“Renewed concerns over the US government

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