Gold hits fresh record in futures trade

Gold prices climbed Rs 1,874 to hit yet another fresh record of Rs 1,35,496 per 10 grams in futures trade on Monday, tracking firm global cues. On the Multi Commodity Exchange (MCX), gold futures for February delivery jumped Rs 1,874, or 1.4 per cent, to touch a record of Rs 1,35,496 per 10 grams.

It had gained Rs 3,160, or 2.42 per cent, over the past week. Silver also witnessed robust buying. The white metal for the March 2026 contract advanced Rs 5,255, or 2.72 per cent, to Rs 1,98,106 per kilogram, but stayed below its lifetime high of Rs 2,01,615 per kg touched on Friday.

The metal had skyrocketed Rs 9,443, or 5.15 per cent, over the past week. “This week is important as, along with Fed officials’ speech, preliminary manufacturing and services PMI, US jobs, and CPI data could trigger volatility in the market,” Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd, said.