Gold rate today: October futures cross Rs 1.10 lakh per 10 gm; Fed rate-cut hopes and weak dollar fuel demand
Gold futures reached record highs as expectations of a US Federal Reserve rate cut and a weaker dollar fueled safe-haven buying. MCX October contracts hit Rs 1,10,563 per 10 grams, while December contracts climbed to Rs 1,11,655. Market participants await the Fed’s policy meeting and monitor geopolitical tensions, influencing gold’s upward trajectory.🕒 1 min read
Gold futures reached record highs as expectations of a US Federal Reserve rate cut and a weaker dollar fueled safe-haven buying. MCX October contracts hit Rs 1,10,563 per 10 grams, while December contracts climbed to Rs 1,11,655. Market participants await the Fed’s policy meeting and monitor geopolitical tensions, influencing gold’s upward trajectory.
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