Gold Futures hit record as U.S. shutdown, Federal Reserve cut bets spur ‘safe-haven’ demand
The Hindu·2025-10-06 06:18
Gold prices on Monday (October 6, 2025) surged by ₹1,447 to a new record of ₹1,19,560 per 10 gm in the domestic futures trade, lifted by safe-haven buying amid the prolonged U.S. government shutdown and growing bets on further Federal Reserve rate cuts.On the Multi Commodity Exchange (MCX), gold futures for December delivery appreciated by ₹1,447 or 1.22% to a lifetime high of ₹1,19,560 per 10 gm.Extending gains for the seventh consecutive session, the February 2026 contract advanced ₹1,512, or 1.27% to sca ...