Overview

• MCX December gold futures hit a lifetime high of Rs 1,10,047 per 10 grams, with the actively traded October contract peaking at Rs 1,09,000.
• Internationally, Comex December gold touched $3,694.75 an ounce and spot prices held above $3,600, extending last week’s breakout.
• Silver stayed elevated with MCX December futures reaching Rs 1,26,400 per kg and Delhi spot quoted at Rs 1,27,000, while global prices hovered near $41.
• Support comes from a softer dollar and stronger Fed cut odds after the US added just 22,000 jobs in August; key US inflation readings this week will guide the next move.
• Institutional demand remains firm with $5.5 billion of ETF inflows in August and a 10th straight month of PBoC gold purchases, as traders also note the US move to exempt bullion from tariffs and occasional profit‑taking swings.