Gold prices soared above $4,400 on Monday to reach a new all-time high, as analysts pointed to rising geopolitical tensions and softer monetary policy as key drivers of the surge.

Gold's next rally won't need a crisis — the world's dysfunction is the catalyst.

Gold Price Today: The price of 24-carat gold rose ₹10 in early trade on Friday, with ten grams of the precious metal trading at ₹1,39,260, according to the GoodReturns website. The price of silver also climbed ₹100, with one kilogram of the precious metal selling at ₹2,34,100.

Gold surged close to the $4,500-per-ounce mark on Tuesday, while silver hovered just shy of $70, as expectations of looser U.S. monetary policy and simmering geopolitical tensions propelled both precious metals toward record highs.

Gold is having its best year since 1979. Gold futures traded in New York have soared almost 71% this year, on pace for their best annual gain in 46 years. The last time gold had such a strong year, Jimmy Carter was president, a crisis was unfolding in the Middle East, inflation was soaring and the United States was in the midst of an energy crisis.

The Thai baht has surged 10% against the dollar this year to its strongest level since June 2021 on the back of gold's record-breaking streak.

Research from Duke University suggests that the introduction of gold exchange-traded funds permanently pushed up the price of gold.

Gold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight.

Gold and gold equities have outperformed significantly since 2022, but market leadership is now shifting toward the energy sector. Learn why increasing oil exposure is critical.

Gold and silver hit record highs on December 25 as geopolitical tensions, a weaker dollar, ETF inflows and supply worries fuel strong safe-haven demand. , Markets, Times Now