Gold hits Rs 1 lakh per 10 grams for the first time

Gold prices soared to an all-time high on Tuesday, with the rate of 24-carat gold touching Rs 1,00,000 per 10 grams for the first time ever.

According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold surged sharply from Rs 96,670 to Rs 1,00,000 per 10 grams — a steep rise of Rs 3,300 within 24 hours.

Other gold categories also witnessed a significant hike. The price of 22-carat gold climbed to Rs 97,600 per 10 grams, 20-carat gold reached Rs 89,000, and 18-carat gold touched Rs 81,000 per 10 grams.

On the Multi Commodity Exchange (MCX), October futures briefly crossed the Rs 1 lakh mark, hitting a record high of Rs 1,00,484 per 10 grams — gaining nearly Rs 2,000 or 2 percent in a single day.

Experts attribute the sudden spike to growing global demand for gold as a safe-haven investment amid rising geopolitical and economic uncertainties.

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