Key Highlights
Global Bullion Breaks Records
Gold prices climbed to a historic peak of approximately $3,508.50 per ounce, supported by rising expectations of U.S. Federal Reserve rate cuts and a softer dollar.
In India, MCX October gold futures surged to all-time highs of ₹1,05,937 per 10 grams, aided by global cues and rupee depreciation.
Physical Market Momentum
In local retail markets, gold hit a new high of ₹1,05,670 per 10 grams in Delhi, marking the sixth consecutive session of gains. Silver also rose sharply, reaching ₹1,26,000 per kilogram, driven by investment demand and industrial interest.
