Representational picture of gold jewelry | Photo Credit: Reuters
On the Multi Commodity Exchange (MCX), probably the most traded gold futures for October supply rose ₹119 or 0.10% to ₹1,10,298 per 10 grams. The contract had touched a document excessive of ₹1,10,330 per 10 grams within the earlier session.
Similarly, the December contract superior ₹109 to ₹1,11,346 per 10 grams on the MCX, after scaling a recent peak of ₹1,11,350 per 10 grams on Monday.
According to the Commodities market consultants, the gold costs maintained their upward momentum as merchants wager on a fee minimize by the Fed in its coverage resolution on September 17, whereas additionally in search of indicators on additional financial easing by way of the remainder of the yr.
In the worldwide market, gold futures for December supply surged to an all-time excessive of $3,728.32 per ounce, underpinned by expectations of looser U.S. financial coverage and sustained demand for safe-haven belongings amid world financial uncertainty.
“Gold has been witnessing strong investor interest in recent weeks, with prices scaling multiple records both in domestic and overseas markets. Traders said that while some profit-booking cannot be ruled out at higher levels, the overall trend remains positive,” an skilled mentioned.
Published – September 16, 2025 12:46 pm IST
