Gold prices in India have witnessed a significant rise as tensions between Israel and Hamas continue into their 8th day. The price of 10 grams of 22 carat gold increased by Rs 1400, reaching Rs 55,400, while 24 carat gold surged by Rs 1530, now priced at Rs 60,440. The ongoing conflict has driven investors worldwide to seek safe assets like gold, as it is viewed as a safe haven during geopolitical tensions.
Gold prices have seen a consistent upward trajectory in India recently, with 22 carat gold rising by Rs 3000 per 10 grams and 24 carat gold increasing by Rs 3280 per 10 grams. Geopolitical uncertainties have led experts to predict potential further increases, with gold prices expected to reach $2,000.