Bullion futures hits fresh records

Gold prices hit a record of Rs 1,38,676 per 10 grams in futures trade, while the metal crossed $4,500 per ounce in the global market, amid expectations of further monetary easing by the Federal Reserve and rising geopolitical tensions.

Rallying for the third straight session, gold futures for February delivery increased by Rs 791, or 0.57 per cent, to hit a lifetime high of Rs 1,38,676 per 10 grams on the Multi Commodity Exchange (MCX). Silver futures also maintained their upward momentum for the fourth consecutive day.

The white metal for the March 2026 contract surged by Rs 4,234, or 1.93 per cent, to scale a new all-time peak of Rs 2,23,887 per kilogram. In the international markets, Comex gold futures climbed for the fourth straight day, climbing by $49.4, or 1.10 per cent, to touch a new record of $4,555.1 per ounce.