Gold futures hit record as US shutdown, Fed cut bets spur safe haven demand

Gold prices on Monday surged by ₹1,447 to a new record of ₹1,19,560 per 10 grams in the domestic futures trade, lifted by safe-haven buying amid the prolonged US 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 per cent, to a lifetime high of ₹1,19,560 per 10 grams.Extending gains for the seventh consecutive session, the February 2026 contract advanced ₹1,512, or 1.27 per cent, t ...