?MCX Gold touches new record of Rs 1,20,900 per 10 grams, why are prices rising?

Gold complaint today: Gold aboriginal prices connected Tuesday touched a grounds of Rs 1,20,900 per 10 grams, registering an summation of Rs 651. This surge was driven by robust planetary marketplace conditions, the ongoing US authorities shutdown, and expanding speculation astir Federal Reserve complaint reductions astatine their adjacent meeting.Trading connected the Multi Commodity Exchange (MCX) showed December transportation golden futures rising by Rs 651 (0.54 per cent) to scope Rs 1,20,900 per 10 grams. Additionally, the February 2026 golden futures declaration roseate by Rs 648 (0.53 per cent) to found a caller precocious of Rs 1,22,231 per 10 grams, according to a PTI report."Gold prices roseate to an all-time precocious connected US economical and governmental uncertainties and expectations of further involvement complaint cuts by the Federal Reserve," stated Manav Modi, Analyst – Precious Metal Research astatine Motilal Oswal Financial Services.In parallel developments, metallic futures accrued by Rs 281 (0.19 per cent), trading adjacent to their grounds level of Rs 1,47,800 per kilogram. The metallic had antecedently reached its highest constituent of Rs 1,47,977 per kg connected Monday.The March 2026 metallic futures showed affirmative movement, advancing by Rs 327 (0.21 per cent) to Rs 1,49,500 per kg, pursuing its erstwhile session's grounds of Rs 1,49,605 per kilogram.In planetary markets, Comex golden futures aimed astatine December transportation surpassed $4,000 per ounce, achieving this milestone done a adjacent 1 per cent summation connected Tuesday.

Meanwhile, metallic futures scheduled for December transportation showed a flimsy decline, trading astatine $48.43 per ounce.Market analysts indicated that the existent US authorities shutdown has affected indispensable national programmes and held up important economical information releases, including the September employment report. The deficiency of authoritative US economical indicators, combined with increasing anticipation of 2 Federal Reserve involvement complaint reductions this year, has bolstered the entreaty of gold."Additionally, sustained golden buying by planetary cardinal banks besides continues to powerfulness the grounds rally successful the precious metallic prices," an adept said.The World Gold Council (WGC)'s caller information indicated that cardinal banks resumed golden purchases successful August, with planetary reserves showing an summation of 15 tonnes successful that period.The People's Bank of China (PBOC) released figures indicating its golden reserves reached 74.06 cardinal good troy ounces by September's end, advancing from 74.02 cardinal the erstwhile month, marking its eleventh consecutive period of bullion acquisition.According to Manav Modi from Motilal Oswal Financial Services, marketplace participants volition keenly observe statements from assorted Federal Reserve officials aboriginal contiguous to recognize the absorption of monetary policy."Focus this week volition besides beryllium connected the Federal Open Market Committee (FOMC) gathering minutes and Fed Chair Jerome Powell's code connected Thursday for caller insights connected the US system and the Fed's way guardant connected involvement rates,” helium added.