Gold Futures Hit Record High of Rs 99,178 on MCX, Crossing Rs 1 Lakh Post-GST; Silver Gains Amid Global Uncertainty

Gold futures on the Multi Commodity Exchange (MCX) in India have surged to an all-time high of Rs 99,178 per 10 grams, breaching the Rs 1 lakh mark in the retail market post-Goods and Services Tax (GST) implementation. The rally in gold prices can be attributed to various factors, including global market uncertainties and a depreciating dollar. Silver futures have also experienced significant gains in line with the surge in gold prices. The precious metals market in India is witnessing a bullish trend, attracting investors looking to diversify their portfolios amid economic instability. The record-breaking prices of gold and silver futures on MCX indicate a strong demand for safe-haven assets in the country. Investors are closely monitoring the precious metals market as they navigate through volatile market conditions. The current scenario presents a lucrative opportunity for traders to capitalize on the upward trend in gold and silver prices. The spike in gold and silver futures reflects the growing appeal of precious metals as a reliable investment option. As the market continues to evolve, it is essential for investors to stay informed and make well-informed decisions to maximize their returns.

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