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Gold hits record Rs 158339 per 10g as global prices surge past USD 4800

Gold futures hit a record Rs 1.58 lakh per 10 grams on the MCX as global prices crossed USD 4,800 an ounce, driven by safe-haven demand amid geopolitical tensions, weak equities, and a softer rupee

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Gold prices jump on geopolitical tensions and fed rate cut hopes. Representational Pic

Gold prices jump on geopolitical tensions and fed rate cut hopes. Representational Pic

Gold futures soared by Rs 7,774 to scale an all-time high of Rs 1,58,339 per 10 grams on Wednesday, as global prices breached the USD 4,800 per ounce-level amid sustained demand for the safe-haven assets.

Rallying for the third straight day, the yellow metal futures for February delivery climbed by Rs 7,774, or 5.16 per cent, to touch a record of Rs 1,58,339 per 10 grams on the Multi Commodity Exchange (MCX).

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