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We might earn a commission from links in this content. Learn more Gold futures are reaching record highs, exceeding over $3,700 an ounce as of Sept. 16. And they could go higher, at least according to Goldman Sachs.
Experts say you may want to consider adding some gold to your portfolio despite today's high price tag. Here's why.
Experts cited heightened uncertainty around trade and monetary policy among the many factors fueling gold's recent rally.
Gold prices are on track for their best year since 1979, with a 39% increase year-to-date driven by economic uncertainty and lingering inflation fears.
The gold price rose to a new record of US$3,673.95 per ounce overnight, and the VanEck Gold Miners AUD ETF (ASX: GDX) has followed suit.
In the domestic market, the price of 24 karat gold stood at ₹11,171 per gram, while 22 karat gold traded at ₹10,240 per gram, according to Goodreturns data. Prices for 18 karat gold were at ₹8,378 per gram.