Gold Reaches New Peak at Rs 91,000/10gm

Global Prices Soar Above $3,100/ounce

Gold prices in Mumbai hit a new all-time high of Rs 91,000/10gm. This increase is due to international gold prices surging past the $3,100/ounce mark for the first time. Over the past few months, gold prices have been steadily rising because of global uncertainties, such as trade disputes between the US and its major trading partners.

Indian Market Reacts

• On Friday, the day’s high for June futures contracts on MCX was close to the Rs 90,000 mark.
• Silver prices also rose significantly, surpassing the Rs 1 lakh/kg mark.

Goldman Sachs Report Lifts Gold Price

A report published by Goldman Sachs on Thursday raised its target price for gold to $3,300 for 2025, further boosting the price of the precious metal.