New Delhi, Dec. 20 -- In a year that belonged to the commodity market, gold prices have shone the brightest in 46 years, recording a whopping 73% surge amid a host of tailwinds from geopolitical uncertainty, easing interest rate environment and Trump tariff tantrum.

On the MCX, gold has touched a record high of Rs.135,590 per 10 grams. As of Friday's close, it was trading around the Rs.1,34,200 level, as investor interest in bullion sustained. Meanwhile, since October 2023, it has more than doubled, rising 139%.

"Gold holds its bid as a portfolio stabiliser rather than a momentum trade. It looks stretched, but the slow grinding towards higher levels is giving the buyers an opportunity to buy on dips," said NS Ramaswamy, Head of Commodit...