Gold rate today: Prices cross Rs 1.21 lakh per 10g in Delhi; US government shutdown and Fed rate cut bets lift bullion
Gold prices in Delhi surged by Rs 1,100 to cross Rs 1.21 lakh per 10 grams, reaching a lifetime high amidst firm global cues and the US government shutdown. This rally was fueled by expectations of Federal Reserve interest rate cuts and a weakening US labor market, pushing spot gold to a record $3,895.33 per ounce overseas.
Gold prices in Delhi surged by Rs 1,100 to cross Rs 1.21 lakh per 10 grams, reaching a lifetime high amidst firm global cues and the US government shutdown. This rally was fueled by expectations of Federal Reserve interest rate cuts and a weakening US labor market, pushing spot gold to a record $3,895.33 per ounce overseas.
