Gold prices in India soared to a new all-time high of ₹1,01,078 per 10 grams on the Multi-Commodity Exchange (MCX) for the August futures contract—after recently crossing the ₹1 lakh mark for the first time on Friday . This strong rally has been driven by a combination of factors:

Global economic stress: Weaker equity markets and elevated crude oil prices have fueled demand for safe-haven assets like gold.

Geopolitical tensions: Escalations in the Middle East, notably between Israel and Iran, have spurred “safe‑haven buying”

Currency dynamics: Persistence of a weak rupee and concerns about inflation continue to press prices upward

In summary, gold is riding a strong wave of global uncertainties and currency weakness, with solid expert projections of further upside in the medium term, while advising cautious entry strategies.

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