New Delhi, Oct 8
Gold prices reached a historic milestone on Wednesday, crossing the $4,000 per ounce mark in international markets for the first time ever.
The precious metal touched a record high of $4,002.53 in spot trading, while December gold futures on the US Commodity Exchange rose 0.5 per cent to $4,025 per ounce.
The sharp rally in gold prices has been driven by rising demand for safe-haven assets, as investors seek protection from growing global economic uncertainty and geopolitical tensions.
Speculation about possible interest rate cuts by the US Federal Reserve has further fuelled the rally.
In India, gold prices also soared to fresh all-time highs on the Multi Commodity Exchange (MCX).