New Delhi, April 17 -- Gold prices in India and globally surged to fresh lifetime highs on Thursday, April 17, as renewed geopolitical tensions, fears of stagflation, and a weakening US dollar spurred strong safe-haven buying. Amid escalating trade conflicts between the United States and China, investors rushed toward gold to shield themselves from growing macroeconomic uncertainty. The spike also comes as central banks around the world continue to diversify their reserves away from the US dollar, lending further support to gold's bull run.

In the domestic market, the spot price of 24 karat gold reached Rs.97,310 per 10 grams, while 22 karat gold was priced at Rs.89,200 per 10 grams, and 18 karat gold at Rs.72,990 per 10 grams. Globally,...