On the MCX, gold prices reached a fresh all-time high of 61,490 per 10 gm.
Following the US Fed’s announcement to raise interest rates by 25 basis points on May 3, the price of gold has been increasing.
The gold price increased to a record high of $2081.80 per ounce in the international spot market following this outcome of the US Fed meeting, which was in accordance with expectations of market experts.