Gold prices in India reached a historic peak today, with 24-karat gold trading at approximately ₹1,40,000 per 10 grams. Analysts attribute the surge to “safe-haven” demand driven by geopolitical tensions in the Middle East and West Africa. Simultaneously, the Indian stock market saw a massive rally in railway-linked counters like IRFC and RVNL as the government’s new passenger fare hike officially kicked in. The fare increase, though marginal (1–2 paise per km), is expected to significantly boost the Capex capacity of the Indian Railways.
