From around $1,620 an ounce in late 2022 to nearly $5,595 at its peak in 2026, the yellow metal has staged one of its strongest rallies in recent history. In India, the gains have been even more dramatic. A weakening rupee amplified the global surge, pushing domestic gold prices from roughly Rs 50,000-52,000 per 10 grams to as high as Rs 1.72 lakh earlier this year.

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