The global gold market has been witnessing a steady rise in the price of gold. After the Russia-Ukraine conflict, the ongoing conflict between Israel and Hamas has also contributed to the luster of gold. Prices are at all-time highs in Australia, Japan, China, and Taiwan.
In Australia, gold prices have reached a record high of AUD 3,159 per oz (ounce). Over the past week, gold prices have surged by 2.7%. Australia is the world’s third-largest gold producer. While gold in Japanese Yen is at JPY 296,735 per oz, also at an all-time high. In China, gold has reached a record high of CNY 14,488.70 per oz. Taiwan has also reached a record high for gold prices, with prices at their highest level in five months.
In India, today gold price on Multi Commodity Exchange (MCX) opened 60,400 per 10 gm levels. But, the MCX gold rate caught buyers’ support and surged to intraday high of ₹60,595 per 10 gm levels.
