Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. That has in part been driven by a jump in demand from central banks including in China, Turkey and India, who have added to their gold piles this year to diversify away from the US dollar.

Key Takeaways Gold prices rose to another record high on Wednesday, nearly crossing $2,700.Gold has risen 29% so far this year, outpacing the 20% gain for the S&P 500 stock index.The surge in gold prices this year is due to several factors,

Gold prices surged to ₹78,250 per 10 grams in Delhi, up ₹400, influenced by strong global markets. Silver prices reached ₹94,000 per kg, with industrial demand contributing to the rise.