Representational image of gold jewellery
| Photo Credit: Reuters
Gold prices climbed ₹119 to trade near a record high of ₹1,10,298 per 10 grams in the domestic futures market on Tuesday (September 16, 2025), tracking strong global cues as investors positioned ahead of an expected US Federal Reserve rate cut this week.
On the Multi Commodity Exchange (MCX), the most traded gold futures for October delivery rose ₹119 or 0.10% to ₹1,10,298 per 10 grams. The contract had touched a record high of ₹1,10,330 per 10 grams in the previous session.
Similarly, the December contract advanced ₹109 to ₹1,11,346 per 10 grams on the MCX, after scaling a fresh peak of ₹1,11,350 per 10 grams on Monday.
According to the Commodities market experts, the gold prices maintained their upward momentum as traders bet on a rate cut by the Fed in its policy decision on September 17, while also looking for signals on further monetary easing through the rest of the year.
In the international market, gold futures for December delivery surged to an all-time high of $3,728.32 per ounce, underpinned by expectations of looser U.S. monetary policy and sustained demand for safe-haven assets amid global economic uncertainty.
“Gold has been witnessing strong investor interest in recent weeks, with prices scaling multiple records both in domestic and overseas markets. Traders said that while some profit-booking cannot be ruled out at higher levels, the overall trend remains positive,” an expert said.
Published – September 16, 2025 12:46 pm IST