Gold hits record Rs 1.17 lakh per 10g on US shutdown fears, Fed rate cut betsGold surged to a record Rs 1.17 lakh per 10 grams on the MCX, tracking global gains as investors sought safe-haven assets amid looming US government shutdown risks, fresh tariffs, and expectations of Federal Reserve rate cuts. On the MCX, the yellow metal futures for December delivery extended its gains for the fourth straight session by rallying Rs 1,217 or 1.04 per cent to hit a record high of Rs 1,17,561 per 10 grams. Similarly, the February 2026 contract for gold futures jumped Rs 1,314 or 1.12 per cent to hit a lifetime high of Rs 1,18,788 per 10 grams. The white metal futures for December delivery jumped Rs 1,101 or 0.77 per cent to hit a record high of Rs 1,44,200 per kilogram on the Multi-Commodity Exchange (MCX). The March 2026 contract for silver futures appreciated by Rs 1,127 or 0.78 per cent to scale a new high of Rs 1,45,858 per kg on the commodities bourse.