Gold prices reached a record high of ₹1,40,465 per 10 grams on the MCX and $4,584 per ounce internationally, driven by expectations of monetary easing, global uncertainty, and de-dollarisation trends. Factors supporting the surge include anticipated US Federal Reserve interest rate cuts, steady central bank purchases, and portfolio diversification. Thin trading volumes during year-end holidays may have amplified price movements. Experts anticipate these drivers will continue to support gold prices in the coming year.