SRINAGAR : Gold prices surged on Tuesday, climbing Rs 651 to an all-time high of Rs 1,20,900 per 10 grams in domestic futures trading, buoyed by strong global cues amid the prolonged US government shutdown and mounting expectations of Federal Reserve rate cuts, according to multiple national media reports . Follow Us On G -N e w s | Whatsapp

On the Multi Commodity Exchange (MCX), December gold futures rose 0.54 per cent to Rs 1,20,900 per 10 grams, while the February 2026 contract gained Rs 648, or 0.53 per cent, to a lifetime high of Rs 1,22,231 per 10 grams.

“Gold prices have rallied to a record on account of US economic and political uncertainty, alongside growing anticipation of further interest rate cuts by the Federal Reserve,” said Manav Modi, Analyst, Pr

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