Wed Oct 15 03:30:00 UTC 2025: Okay, here’s a news article based on the provided text:
**MCX Gold Prices Soar to Record Highs Amid Global Uncertainty**
**Mumbai, India** – Gold prices on the Multi Commodity Exchange (MCX) surged to an unprecedented high of ₹1,27,500 per 10 grams on Wednesday, fueled by rising international prices, escalating trade tensions between the US and China, and growing anticipation of interest rate cuts by the US Federal Reserve.
The yellow metal opened at ₹1,26,915 per 10 grams, a 0.52% increase from the previous close of ₹1,26,256. Silver also saw a boost, opening at ₹1,59,800 per kg, a 0.18% rise, and reaching ₹1,61,418 during the day.
The rally in domestic prices mirrors the strong performance of gold in global markets. Spot gold climbed 0.4% to $4,155.99 per ounce, while US December gold futures rose 0.3% to $4,174.30 per ounce. Year-to-date, gold has already risen by 55%, reaching a record high of $4,179.48 on Tuesday.
Several factors are contributing to the surge in gold prices, including:
* **Global Economic and Political Uncertainty:** Heightened anxiety about the global economy and geopolitical tensions are driving investors towards safe-haven assets like gold.
* **Expectations of Fed Rate Cuts:** Investors are widely anticipating that the US Federal Reserve will begin cutting interest rates in the coming months. Fed Chairman Jerome Powell signaled this week that future rate decisions would be made on a meeting-by-meeting basis.
* **Central Bank Gold Buying:** A trend of central banks purchasing gold in large quantities, seeking to diversify away from the US dollar, is also bolstering prices.
* **US-China Trade War:** Escalating trade tensions between the world’s two largest economies are adding to market volatility.
Analysts predict further gains. “Gold has continued its upward trajectory as investors seek safe haven assets and the likelihood of further easing in US monetary policy increases,” said Jigar Trivedi, analyst at Reliance Securities. “Rising trade tensions, expectations of Fed rate cuts, and the potential for a US government shutdown are collectively increasing market volatility.” Trivedi suggests that MCX December gold could reach ₹1,27,500 per 10 grams, driven by a weakening rupee and strong international prices.
Rahul Kalantri, Vice President of Mehta Equities Ltd., sees support for international gold in the $4,120–$4,080 range and resistance in the $4,195–$4,220 range. For silver, he notes support at $51.10–$50.40 and resistance at $52.35–$52.80.
On the MCX, Kalantri identifies support for gold at ₹1,25,470–₹1,24,580 and resistance at ₹1,27,150–₹1,27,900. Silver is expected to find support at ₹1,57,950–₹1,56,150 and resistance at ₹1,60,850–₹1,61,950.
First Piper 