From Hindustan Times:

Gold prices hit a record high of ₹65,298 per 10 grams on the MCX, driven by expectations of a US Federal Reserve interest rate cut in June. The surge continued globally, with gold reaching $2,152 per ounce. However, silver prices experienced a slight decline, with MCX Silver trading at ₹74,015 per kg. The rise in gold prices is attributed to the weakening dollar index, which dropped below 104. Despite fluctuations, experts predict a promising outlook for gold amid geopolitical tensions and uncertainties in the macroeconomic environment. Central banks’ gold acquisitions in 2023 were slightly lower than the previous year, but the trend is expected to continue in 2024.



Read more at Hindustan Times: Why are gold prices rising globally and where are they headed in March? Explained