Gold Races to Fresh Highs Above $4,500 per Ounce 

Gold Hits Record Levels
 

COMEX Gold futures surged past $4,500 per ounce, scaling fresh record highs. The yellow metal gained nearly 1.9% in the previous session, supported by a weakening US dollar and heightened global uncertainty. 

Dollar Weakness & Geopolitical Tensions
Gold prices rose as the US Dollar Index slipped to a three-month low. Escalating geopolitical tensions, particularly Russia rejecting a new peace plan and intensifying attacks in Odesa, further boosted safe-haven demand for gold and silver. 

Strong Central Bank Demand

Central bank buying remained strong, with 53 tonnes of gold purchased in October, reflecting a 36% month-on-month increase. Sustained institutional demand continues to underpin gold’s upward momentum. 

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Gold Performance & Indian Markets

Gold has climbed nearly 6% so far this month. In India, MCX Gold futures traded at ₹1,38,332 per 10 grams, marking a 1.16% rise during the session, mirroring global strength. 

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