Gold Prices Soar: 24K and 22K Rates Surge Amid Global Instability

• Gold prices are rapidly increasing in both international and local markets, driven by its role as a safe haven asset.
• The global market saw gold cross $5200 per ounce, setting a new record due to economic and political uncertainties.
• Factors like global demand, dollar weakness, and interest market instability are pushing gold prices higher.
• Domestic gold prices have also risen significantly, with 24 carat gold per 10 grams seeing a substantial increase.
• Experts suggest phased investment in Gold ETFs, Sovereign Gold Bonds, or Digital Gold rather than immediate large purchases.

Why It Matters: Gold prices are surging globally and domestically, driven by economic uncertainty and investor demand for safe havens.