Gold prices surged to fresh record highs on the MCX, while silver hovered near its peak, supported by renewed safe-haven demand and growing expectations of further rate cuts by the US Federal Reserve. At the same time, discussions around a potential BRICS gold-backed currency have intensified, as several central banks diversify away from the US dollar amid rising concerns over its long-term dominance. In this market commentary, Kunal Shah, Head of Commodity Research at Nirmal Bang, breaks down what’s driving the rally in gold and silver, analyses key technical levels to watch on the MCX, and explains how global monetary shifts could reshape the commodities landscape. Stay tuned for an in-depth discussion on whether we are entering a new era of gold standard influence.

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