Gold and silver prices surged to all-time highs in domestic futures trading on Tuesday, driven by renewed US-China trade tensions and expectations of US Federal Reserve rate cuts, which boosted safe-haven demand.
On the Multi Commodity Exchange (MCX), December gold futures rose Rs 2,301 (1.84%) to a record Rs 1,26,930 per 10 grams, while February 2026 gold contracts jumped Rs 2,450 (1.94%) to Rs 1,28,220 per 10 grams. Silver also crossed Rs 1.62 lakh per kg, tracking global market gains.