Futures hit fresh records on rate cut bets

Gold and silver prices scaled fresh lifetime highs in the domestic futures market, mirroring record gains in global markets amid expectations of US Federal Reserve rate cuts and a softer dollar buoyed sentiment.

On the MCX, the yellow metal futures for October delivery surged by Rs 1,204 or 1.06 per cent to touch a lifetime high of Rs 1,14,992 per 10 grams.

The December contract for gold futures also advanced Rs 1,034 or 0.9 per cent, to hit a record Rs 1,15,925 per 10 grams. Silver futures too witnessed robust gains on Monday.

The white metal for December delivery jumped Rs 2,290 or 1.61 per cent, to hit an all-time high of Rs 1,44,179 per kilogram.

The March 2026 contract for silver futures surged by Rs 2,559, or 1.79 per cent, to a fresh peak of Rs 1,45,817 per kg.