New Delhi: Gold prices extended their rally for a second straight session on Monday, climbing to a fresh lifetime peak of ₹1,05,937 per 10 grams, up ₹2,113, fueled by strong global cues.
On the Multi Commodity Exchange (MCX), the most-active October futures surged 2.03% to hit the all-time high in early trade. Just last Friday, gold futures had set a record at ₹1,04,090 per 10 grams.
The December contract also spiked, rising ₹1,682 (1.6%) to touch a new high of ₹1,06,539 per 10 grams on MCX. Globally, Comex gold futures (December) scaled a historic USD 3,552.32 per ounce in New York.
“Gold marked fresh records both on Comex and the domestic market amid escalating tariff tensions, which continue to drive bullion demand,” said Manav Modi, Analyst – Precious Metals Research, Motilal Oswal Financial Services.
He added that expectations of a US Federal Reserve rate cut, coupled with festive and wedding season demand, strong ETF inflows, and Chinese central bank buying, are further propelling the rally.
