New Delhi, Oct. 7 -- Gold prices today extended their record-breaking rally on Tuesday, supported by multiple global factors including heightened geopolitical tensions, concerns over a potential US government shutdown, aggressive central bank gold buying, and rising expectations of US Federal Reserve rate cuts.

On the Multi Commodity Exchange (MCX), gold price today surged to an all-time high of Rs.1,20,900 per 10 grams on October 7, while MCX silver prices hovered near record highs around Rs.1,48,000 per kilogram.

In the international bullion market, spot gold price rose 0.1% to $3,962.63 per ounce, after touching a lifetime high of $3,977.19 earlier in the session. US gold futures for December delivery were up 0.2% at $3,985.30 per ou...