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Commodity News Details
Gold smashes $3920, MCX hits record ₹118965 ahead of Dussehra
01-Oct-2025 14:45
Gold extended its unstoppable run above $3920 per ounce in Wednesday's Asian trades, hitting fresh records as safe-haven demand surged amid the US government shutdown and rising geopolitical risks. Fed rate cut expectations and a weakening dollar near 97 added further fuel to bullion's rally. In India, the start of the festive season saw gold shine bright, with Dussehra shopping driving prices to a new peak of ₹118965 per 10 grams. MCX bullion futures surged nearly 1% to ₹118320, while silver December futures jumped over 1.5% to ₹144379 per kg. Traders continue betting on October and December Fed cuts, keeping the bullish momentum alive for both gold and silver.

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