Gold and silver prices surged to fresh record levels in the domestic futures market on Tuesday, tracking a sharp rally in global markets as investors weighed the risk of a potential US government shutdown and expectations of further interest rate cuts by the Federal Reserve. Silver extended its rally as well, with the December delivery contract on MCX gaining Rs 1,170 or 0.82 percent to a new high of Rs 1,44,330 per kg. The March 2026 silver contract rose Rs 1,125 or 0.78 percent to Rs 1,45,952 per kg. Globally, bullion prices touched fresh peaks. Gold futures for December delivery rose over 1 per cent to USD 3,895.22 per ounce, while silver moved up to USD 47.41 per ounce.
Gold Futures Touch Fresh High Of Rs 1.17 lakh/10 gm
