Gold price in India jumps ₹15,000 in two days. Will the rally continue?

The surge in gold prices reflects global monetary policy expectations, particularly from the US Fed, which directly influences safe-haven demand. This also has implications for India's import bill and domestic inflation, as gold is a significant import and CPI component.

• •MCX gold rate climbed to an intraday high of ₹1,44,570.
• •Gold price jumped ₹15,000 in two days.
• •Rally is fueled by easing inflation fears and US Fed rate cut buzz.
• •Risk flag: Sudden hawkish shift from the US Federal Reserve could reverse gold's rally.
• •Risk flag: Strengthening of the Indian Rupee could partially offset gains for domestic gold prices.