Gold futures on Wednesday jumped Rs 535 to a record Rs 1,17,800 per 10 grams in domestic futures trade, tracking strong global cues as investors sought safe-haven assets after the US government shut down, while weak labour data fuelled expectations of rate cuts by the US Federal Reserve.
On the Multi Commodity Exchange (MCX), gold futures for December delivery jumped Rs 535 or 0.45 per cent to touch a record Rs 1,17,800 per 10 grams.
Silver futures also posted strong advances. The December contract surged Rs 2,699 or 1.89 per cent to hit a fresh peak of Rs 1,44,844 per kilogram, while the March 2026 contract bounced Rs 3,980 or 2.77 per cent to touch a record high of Rs 1,47,784 per kg.
