India, Oct. 7 -- Gold prices soared on Tuesday, rising Rs 651 to reach a fresh peak of Rs 1,20,900 per 10 grams in the domestic futures market. The rally was driven by global uncertainties, including the prolonged US government shutdown and growing expectations of Federal Reserve rate cuts in its upcoming policy meeting.
On the Multi Commodity Exchange (MCX), December gold futures gained Rs 651, or 0.54%, to hit the all-time high of Rs 1,20,900 per 10 grams. Meanwhile, the February 2026 contract climbed Rs 648, or 0.53%, to an unprecedented Rs 1,22,231 per 10 grams.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....