India, April 22 -- Gold prices in India crossed the Rs. 1 lakh mark in the retail market on Tuesday, triggering excitement among investors.

The gold June futures on the Multi Commodity Exchange (MCX) on Tuesday rallied to touch a new record high of Rs 99,178 per 10 grams.

It is nearly Rs 1,900 up from its previous closure.

In the physical market, gold was priced at Rs 97,200 per 10 grams on Monday. After including 3% GST, the retail rate crossed the Rs 1 lakh mark, reported India Today.

Why is the gold price rising?

Experts have pointed to heightened global uncertainty due to renewed tensions between President Donald Trump and the US Federal Reserve over rate cuts and the intensifying trade war between the US and China as the key dri...