Gold surged to a record Rs 1.17 lakh per 10 grams on the MCX, tracking global gains as investors sought safe-haven assets amid looming US government shutdown risks, fresh tariffs, and expectations of Federal Reserve rate cuts. Silver also hit lifetime highs

New Delhi: Gold prices on Tuesday soared Rs 1,217 to hit a fresh record high of Rs 1,17,561 per 10 grams in the domestic futures market, tracking sharp gains in the overseas market, as investors weighed the risk of a looming US government shutdown alongside expectations of further interest rate cuts by the Federal Reserve.

On the MCX, the yellow metal futures for December delivery extended its gains for the fourth straight session by rallying Rs 1,217 or 1.04 per cent to hit a record high of Rs 1,17,561 per 10 grams.

Similarly, the

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