Gold Prices Hit Record Highs: What Sparked Surge?

• Gold prices hit a record high, near USD 4,500 per ounce globally.
• Existing gold investors benefited from the sudden price surge.
• New buyers are concerned about the increased cost of gold.

Mumbai: Gold prices shocked global markets after breaking all previous records within just 24 hours. International prices surged close to USD 4,500 per ounce, creating a new all-time high. Investors who

already hold gold benefited, while new buyers are now worried about rising costs. The big question is-what caused such a sudden and powerful jump?