Gold prices surge Rs 723 to hit a record high of Rs 1,10,312/10 g on Fed rate cut bets, weak dollar

Gold prices surge Rs 723 to hit a record high of Rs 1,10,312/10 g on Fed rate cut bets, weak dollar https://www.taxtmi.com/news?id=55052 Domestic gold futures hit record highs as markets priced in anticipated US interest rate reductions following weak US labour data and ahead of key inflation prints, boosting safe-haven demand and pressuring the dollar. Global ETF inflows and a major central bank's continued reserve diversification supported prices, while tariff exemptions for metals and geopolitical tensions that could prompt sanctions furthered haven demand, collectively influencing spot and futures price formation. en-us Tue, 09 Sep 2025 11:46:03 +0530 Tue, 09 Sep 2025 11:46:03 +0530 TaxTMI RSS Generator Gold prices surge Rs 723 to hit a record high of Rs 1,10,312/10 g on Fed rate cut bets, weak dollar https://www.taxtmi.com/news?id=55052 Domestic gold futures hit record highs as markets priced in anticipated US interest rate reductions following weak US labour data and ahead of key inflation prints, boosting safe-haven demand and pressuring the dollar. Global ETF inflows and a major central bank's continued reserve diversification supported prices, while tariff exemptions for metals and geopolitical tensions that could prompt sanctions furthered haven demand, collectively influencing spot and futures price formation. News - Tue, 09 Sep 2025 11:46:03 +0530 https://www.taxtmi.com/news?id=55052