The record demand was driven by central banks and investors as geopolitical and economic uncertainty continued apace.

The appetite for gold from the world’s central banks shows no signs of slowing, even as the gold industry comes off a record year of demand for the precious metal, according to the World Gold Council.

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The world’s demand for gold hit another record high in 2024 amid robust central bank purchases and investment demand growth, the World Gold Council said.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,997.48 Indian Rupees (INR) per gram, up compared with the INR 7,965.92 it cost on Tuesday.

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Globally gold prices rose for a second session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of U.S. President Donald Trump's policies in his second term after ...