Gold prices surged as safe-haven demand strengthened amid renewed geopolitical tensions and global trade uncertainties.

US President Donald Trump on social media post said that he is ending “all trade negotiations” with Canada because of recent television ads protesting US tariffs, which he called “egregious behavior” aimed at influencing US court decisions.

On MCX , gold futures for December delivery gained ₹1,800 per 10 grams, or 1.48 per cent, to ₹1,23,657 rebounding from the previous session’s sharp decline.

On the global front, Comex gold futures for December delivery rose by $73, or 2 per cent to $4,139 per ounce on Thursday, recovering slightly after touching a record high of $4,398 per ounce earlier in the week.

The US sanctions on Russian oil majors and subsequent spike i

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