India gold prices surge closer to all-time high as Fed rate-cut expectations strengthen

Indian gold prices neared record levels as MCX futures hit ₹1,29,599 amid rising expectations of a US Fed rate cut, weaker dollar trends and mixed US macro data.

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4 days ago

India gold prices surge closer to all-time high as Fed rate-cut expectations strengthen

India gold prices surge closer to all-time high as Fed rate-cut expectations strengthen
Indian gold prices continued their upward momentum last week, moving within ₹2,700 of the all time high as strong buying interest returned across global markets. MCX February 2026 gold futures settled at ₹1,29,599 per 10 grams, rising ₹1,932 or 1.51% for the week and marking the fourth straight monthly gain. Analysts attribute the rally to an 87% probability of a 25 basis point US Federal Reserve rate cut next month, combined with a weakening US dollar and heightened political uncertainty in the United States. 
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