Gold Prices Near Record Highs on Fed Rate Cut Expectations

New Delhi, Sep 16, 2025 – Gold prices climbed slightly in domestic futures trade on Tuesday, remaining near record highs as global cues improved before the US Federal Reserve’s policy announcement.

Domestic Market Performance

On the Multi Commodity Exchange (MCX), the most-active October gold futures rose Rs 331 or 0.3 percent to trade at Rs 1,10,510 per 10 grams. The contract had touched an all-time high of Rs 1,10,330 in the last session. The December delivery contract also progressed, increasing Rs 332 to Rs 1,11,569 per 10 grams, following a new record of Rs 1,11,350 on Monday.

Global Market Trends

In the global market, December delivery gold futures jumped to a record USD 3,728.32 an ounce. The rally was propelled by rising bets on a US Federal Reserve rate cut on September 17 and expectations of more easing in the coming months.

Drivers Behind the Rally

Investors kept looking for gold as a haven asset in times of uncertainty in the global economy. Expectation of lower interest rates, which normally lower the opportunity cost of having bullion, spurred demand further.

REF: https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/03OCT2025:

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