India, Oct. 15 -- Gold prices soared to a new record high on Wednesday, rising Rs 1,244 to Rs 1,27,500 per 10 grams in domestic futures trade, while globally, the precious metal crossed the USD 4,200 per ounce mark amid strong safe-haven demand.
Analysts attributed the surge to renewed geopolitical and trade uncertainties, which have driven investors toward safer assets. The rally was further supported by comments from US Federal Reserve Chair Jerome Powell, who signaled the possibility of monetary easing later this year, boosting sentiment across bullion markets.
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