Gold price today: The rates of gold and silver surged to fresh record highs on the MCX in Thursday’s session, driven by positive global cues, strong domestic demand, and the dollar’s weakness.
MCX Gold December futures hit a new high of ₹1,28,395 per 10 grams, while MCX Silver December futures rose to a fresh peak of ₹1,64,150 per kg. Around 9:10 am, MCX Gold was 0.51 per cent up at ₹1,27,862 per 10 grams, and MCX Silver was 0.81 per cent up at ₹1,63,523 per kg.
International gold prices reached a new record high on Thursday, driven by strong investor demand for the yellow metal amid a weaker dollar, persistent geopolitical and economic concerns, and expectations of US Fed rate cuts.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
