Gold futures hit record high of Rs 99,178 on MCX, crossing Rs 1 lakh at retail post-GST, while silver gains.

Gold futures on MCX have surged to an all-time high of Rs 99,178 per 10 grams, surpassing Rs 1 lakh in the retail market post GST implementation. The rise in prices can be attributed to various factors, including global market uncertainty and a depreciating dollar. Silver futures have also witnessed significant gains, following the upward trend in the precious metals market. Investors are flocking to safe-haven assets like gold and silver amid economic instability and geopolitical tensions. The unprecedented surge in gold prices has caught the attention of market analysts and investors alike, with many foreseeing further price hikes in the near future. As the demand for precious metals continues to rise, experts advise investors to diversify their portfolios and consider adding gold and silver to hedge against market volatility. The bullish trend in gold and silver futures underscores the importance of monitoring global economic developments and their impact on commodity prices.

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