Futures reach yet another peak

Gold prices surged by Rs1,244, reaching a new all-time high of Rs 1,27,500 per 10 grams in domestic futures trade, while the yellow metal breached the $4,200 per ounce level in global markets, fuelled by strong safe-haven demand.

Analysts said traders rushed to safe-haven assets after renewed geopolitical and trade worries clouded the global economic outlook. In addition, silver futures for December delivery increased by Rs 1,256, or 0.78 per cent, to Rs 1,60,760 per kilogram.

The white metal had touched an all-time high of Rs 1,62,700 per kg on Tuesday. The March 2026 contract for silver futures climbed by Rs 940, or 0.59 per cent, to Rs 1,60,522 per kg on the commodities bourse.

It had reached a lifetime high of Rs 1,63,549 per kilogram in the previous market session. In the overseas market, Comex gold futures for December delivery surged nearly 2 per cent to hit a record $4,211 per ounce on Wednesday.