Amid the highly escalated global tensions, the gold prices on Tuesday climbed for a fifth straight session in the global markets. Escalating conflict in the Middle East in the last few days has been a major factor in the surge of precious metal prices. 

Gold has rallied nearly 25 per cent in 2026 after rising 64 per cent last year amid robust central bank buying, inflows into exchange‑traded funds and concerns about the US Federal Reserve's independence.