Gold prices breach record Rs 97,000/10g level in futures trade

Gold prices soared to unprecedented levels on Monday, breaching Rs 97,000 per 10 grams in futures trade due to robust local demand. The surge was fueled by escalating tariff tensions, concerns about the US economic outlook, and the US debt crisis. Globally, gold futures also hit record highs, driven by a weakening US dollar and heightened US-China trade tensions.