Gold Prices Surge Above Rs 80,000: What’s Driving the Rise?

Gold prices have gone above Rs 80,000 per 10 grams for the first time. This is because more people are buying gold as a safe investment. Many investors are worried about the future because of changes in politics and a weaker dollar, which is making gold more expensive.

The dollar is getting weaker, which makes gold more valuable. When the dollar falls, people buy gold to keep their money safe, especially during uncertain times. In India, the price of 24-carat gold reached Rs 80,194 per 10 grams.

Experts say gold prices are going up because of trade issues and tariffs from Donald Trump’s time as president.

If global trade gets better, gold prices might drop. But for now, prices may stay high, which could affect how many people buy gold, especially in places like India, where gold is often bought for weddings.

Overall, gold is seen as a safe investment when the economy is uncertain, and many people are buying it to protect their money.