Gold Reaches New Peak of Rs 95,435 on Trade War Concerns

Gold prices reached a new all-time high of Rs 95,435 per 10 grams as investors reacted to rising global trade war concerns. The fear of economic slowdown and uncertainty pushed many people to buy gold as a safe investment. This strong demand increased the price to its highest level ever in the Indian market.

Experts say that ongoing tensions between major world economies are driving people to choose safer options like gold. Trade disputes between powerful countries, especially the United States and others, have caused worry in global markets. Investors fear that these conflicts will hurt international trade and weaken economic growth.

As a result, many investors sold risky assets like stocks and shifted their money into gold. Gold usually performs well during uncertain times, and its value tends to rise when people feel insecure about the economy.

Local jewelers and traders also confirmed a strong rise in demand. Many people rushed to buy gold before prices climbed even higher. This sudden demand caused gold prices to jump quickly in both retail and wholesale markets.

Financial analysts believe the price of gold may continue to rise if trade tensions remain high. They also pointed out that a weaker Indian rupee and global inflation fears are adding more pressure. These factors are making gold more attractive for both investors and regular buyers.

The government and financial institutions are closely watching the situation. Some experts suggest that people should invest in gold carefully, especially at such high prices. While gold is a safe choice in uncertain times, buyers need to stay aware of price changes and market trends.

In summary, fears of a trade war and global economic slowdown have pushed gold prices to a new record of Rs 95,435. Strong demand, currency weakness, and inflation worries are likely to keep gold in focus over the coming weeks.