<h1>Gold hits record Rs 124,000/10g on safe-haven demand amid US shutdown, Fed rate-cut hopes; silver tumbles</h1> Gold surged by Rs 700 to a record Rs 124,000 per 10 grams in the national capital, driven by safe-haven demand amid an ongoing US government shutdown and growing market expectations of Federal Reserve rate cuts; 99.5% purity gold likewise hit a lifetime peak of Rs 123,400 per 10 grams. Silver fell sharply, down Rs 3,400 to Rs 154,000 per kilogram. Market commentary cited delayed US economic data and heightened geopolitical tensions as supporting bullion prices, alongside continued central bank accumulation of gold, which analysts say is reinforcing the rally.