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As gold prices hit record highs, what history says about what happens next
Gold prices continue to surge relentlessly, showing no signs of cooling. On Monday (October 13), gold futures on the Multi Commodity Exchange (MCX) climbed 1.62 per cent to ₹1,23,313 per 10 grams — a new all-time high in Indian markets. Internationally, bullion crossed the unprecedented $4,100 per ounce mark. The rally has reignited public fascination with the yellow metal, leaving investors, jewellers, and economists alike asking: what’s fuelling this surge, and how long can it endure? What stands out the most is that gold’s most recent $1,000 surge happened in barely 207 days. While it took close to 15 years ... (full story)
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