Gold price today, Oct. 8 -- Rates of gold jumped to their fresh all-time highs on the MCX during Wednesday's session, driven by strong spot demand, positive global cues, concerns over the US government shutdown and expectations of further rate cuts by the US Federal Reserve.

MCX Gold breached the 1,22,000 per 10-gram mark for the first time ever, hitting a record high of Rs.1,22,740. MCX Silver also hit a record high of Rs.1,48,724 per kg.

Around 11:30 am, MCX Gold December futures traded 1.15 per cent higher at Rs.1,22,505 per 10 grams. MCX Silver December futures were 1.61 per cent up at Rs.1,48,140 per kg at that time.

US gold futures for December delivery pushed through $4,000 per troy ounce to hit a record high of $4,037 on Wednes...