Gold futures soar as rupee hits record low
pre-market1 source ↓written by the desknot a recommendation
Gold and silver futures in India reached record highs today as the rupee traded near a record low. This surge is driven by strong global demand and increased import costs, which are pushing local prices higher. Geopolitical tensions and expectations for rate cuts are also fueling safe-haven demand across Asia.
• Indian gold futures reflect global gains
• Rupee depreciation raises import costs
• Safe-haven demand remains firm due to geopolitical tensions
Not investment advice. For informational purposes only.