Why gold prices have surged? The cascading effects of surging oil prices have resulted in a spike in gold prices, due to volatility in global markets, a sell-off in cyclical equities, and fresh flows into gold amid inflation fears. What are current gold price? The gold price surge, driven primarily by the Iran and its emergent geopolitical tensions, has driven investors to gold, the world's oldest safe-haven asset. The total value of gold is calculated by multiplying the current price of gold by the total stock of approximately 216,000-218,000 metric tons.

Source: News 24 March 09, 2026 14:24 UTC