Gold Prices Soar Amid Geopolitical Tensions & Fed Rate Cut Hopes

• Gold prices reached a record high of Rs 1,42,500 per 10 grams in the domestic market on January 12, 2026.
• Comex gold dropped slightly to $4,602 per ounce on January 13, after peaking at $4,639.
• MCX futures opened at Rs 1,41,775 for 10 grams of 24-carat purity, a 0.18% decline from its previous close.
• Geopolitical uncertainty, rising global defense spending, and persistent inflation (US CPI 2.7%) are driving demand for precious metals.
• Expectations of further US Federal Reserve interest rate cuts are also contributing to gold's upward trend.

Why It Matters: Gold hits record highs driven by geopolitical instability, inflation concerns, and anticipated Fed rate cuts.