Gold prices surged to record highs in domestic and global markets on Monday, driven by safe-haven demand amid the ongoing US government shutdown and expectations of further Federal Reserve rate cuts. On the Multi Commodity Exchange (MCX), December gold futures jumped Rs 1,447, or 1.22%, to a lifetime high of Rs 1,19,560 per 10 grams. The February 2026 contract extended gains for the seventh straight session, climbing Rs 1,512, or 1.27%, to a record Rs 1,20,845 per 10 grams. "Gold prices hit record highs, driven by strong demand amid the ongoing US government shutdown, which has delayed the release of key economic data. Despite a nearly 50 per cent rally in 2025 so far, investors continue to favour gold as uncertainty lingers," Aksha Kamboj, Vice President - India Bullion and Jewelle

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