Gold price today: MCX Gold October futures hit a fresh record high of ₹1,09,000 per 10 grams in early trade on Tuesday, September 9, supported by healthy spot demand, weaker dollar and expectations of US Fed rate cuts next week.
Domestic spot gold prices have surged about 42 per cent this year so far, strongly outperforming the equity benchmark Nifty 50 which has gained just over 4 per cent in the same period.
On December 31 last year, spot gold traded near ₹76,000 per 10 grams. On September 8 this year, it was near ₹1,08,000 per 10 grams.
Heightened global uncertainties due to US tariffs and geopolitical tensions, the dollar’s weakness, strong buying by central banks, dovish monetary policies, and concerns over global economic growth have boosted gold prices this year.
(This is a developing story. Please check back for fresh updates.)
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