Gold, silver hit record highs on MCX amid Trump tariff concerns, US Fed rate cut hopes; is it right time to buy bullion?
Published on 01/09/2025 09:05 AM
Gold price today: Rates of gold and silver touched fresh record highs in the domestic futures market in Monday's (September 1) session, buoyed by healthy spot market demand, the dollar's weakness, expectations of a US Fed rate cut in September, and persisting uncertainties over US President Donald Trump's tariff policies and their impact on global economic growth.
MCX Gold October 3 contracts jumped 1 per cent to a record high of ₹1,05,937 per 10 grams, while MCX Silver December 5 contracts also hit their all-time high of ₹1,23,830 per kg, surging almost 2 per cent.
(This is a developing story. Please check back for fresh updates.)
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