<p>New Delhi: Gold prices continued their upward trend for the second straight session, touching a new all-time high of Rs 95,935 per 10 grams, climbing Rs 274 on Thursday, driven by firm spot demand.</p>.<p>On the Multi Commodity Exchange, the precious metal contracts for June delivery hit a record high of Rs 95,935 per 10 grams in the morning trade.</p>.<p>Later, it pared the gains to trade Rs 89 or 0.09 per cent to Rs 95,750 per 10 grams with an open interest of 22,403 lots.</p>.<p>On Wednesday, Gold touched an all-time high of Rs 94,781 per 10 grams in futures trade.</p>.<p>Analysts said persistent uncertainty surrounding the US trade policy and waning demand for the dollar and Treasury securities have reinforced gold's appeal as a preferred safe-haven asset.</p>.<p>On the global front, gold futures rose to hit a fresh peak of $3,371.89 per ounce in New York. Later, it pulled back from the record level to trade at $3,340.61 per ounce.</p>.Rupee rises 10 paise to 85.54 against US dollar in early trade.<p>"Gold prices surged...as geopolitical stress between the US and China intensified. US President Donald Trump's move to investigate new tariffs on critical Chinese imports has shaken market sentiment.</p>.<p>"Simultaneously, a weakening US dollar -- near a three-year low -- made gold more appealing to foreign investors," Rahul Kalantri, VP of commodities at Mehta Equities Ltd, said.</p>.<p>Adding to the bullish outlook for gold, global investment firm Goldman Sachs raised its year-end gold forecast to $3,700 per ounce and sees potential for $4,000 per ounce by mid-2026.</p>
<p>New Delhi: Gold prices continued their upward trend for the second straight session, touching a new all-time high of Rs 95,935 per 10 grams, climbing Rs 274 on Thursday, driven by firm spot demand.</p>.<p>On the Multi Commodity Exchange, the precious metal contracts for June delivery hit a record high of Rs 95,935 per 10 grams in the morning trade.</p>.<p>Later, it pared the gains to trade Rs 89 or 0.09 per cent to Rs 95,750 per 10 grams with an open interest of 22,403 lots.</p>.<p>On Wednesday, Gold touched an all-time high of Rs 94,781 per 10 grams in futures trade.</p>.<p>Analysts said persistent uncertainty surrounding the US trade policy and waning demand for the dollar and Treasury securities have reinforced gold's appeal as a preferred safe-haven asset.</p>.<p>On the global front, gold futures rose to hit a fresh peak of $3,371.89 per ounce in New York. Later, it pulled back from the record level to trade at $3,340.61 per ounce.</p>.Rupee rises 10 paise to 85.54 against US dollar in early trade.<p>"Gold prices surged...as geopolitical stress between the US and China intensified. US President Donald Trump's move to investigate new tariffs on critical Chinese imports has shaken market sentiment.</p>.<p>"Simultaneously, a weakening US dollar -- near a three-year low -- made gold more appealing to foreign investors," Rahul Kalantri, VP of commodities at Mehta Equities Ltd, said.</p>.<p>Adding to the bullish outlook for gold, global investment firm Goldman Sachs raised its year-end gold forecast to $3,700 per ounce and sees potential for $4,000 per ounce by mid-2026.</p>