Gold prices soar! Safe-haven appeal, festive demand drive gold rates up Rs 1,500 in just a day; analysts expect further rise

Gold prices soared to a record high of Rs 78,300 per 10 gm due to safe-haven buying amid tensions in the Middle East and lower US bond yields. Market participants expect further increases in the precious metal’s price if global geopolitical uncertainties intensify, with prices rising by Rs 1,500 per 10 gm compared to Tuesday.

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