As Diwali approaches, the gold prices have hit a new high amid increasing global uncertainties, including trade tensions and softening macro data, prompting a flight to safety. 

Last month, gold prices jumped by Rs 20,073 per 10 gram or 18 per cent, triggering a strong sense of FOMO (fear of missing out), as every pullback is being met with aggressive buying, with Diwali around the corner. Since last Dhanteras, gold has delivered substantial gains for investors, with prices witnessing a record surge.