Gold prices hit record highs on MCX amid US economic uncertainty, government shutdown fears, and expectations of further Fed rate cuts. Silver also gained, while analysts await key events including FOMC minutes, Fed Chair remarks, and China’s market reopening.

Mumbai: Gold prices hit fresh record highs in morning trade on the Multi Commodity Exchange (MCX) on Tuesday, as investors turned to the precious metal amid growing global uncertainties and expectations of more rate cuts by the US Federal Reserve.

MCX Gold December futures touched an all-time high of Rs 1,20,769 per 10 grams.

Around 9:15 am, gold was trading 0.43 per cent higher at Rs 1,20,769 per 10 grams, while MCX Silver December futures were up 0.12 per cent at Rs 1,47,701 per kg.

In the international market, gold prices als

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