Gold prices have surged by an astonishing 63% in India over the past year, reaching near record highs of Rs 1,28,200 per 10 grams on Dhanteras 2025. Analysts anticipate further gains, with a Rs 1.5 lakh target per 10 grams in sight, driven by geopolitical tensions, central bank buying, and expected US interest rate cuts.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.