Gold hits all-time high of Rs 1.10 lakh/10 gms in futures market

Gold prices in New Delhi soared to a record high of Rs 1,10,047 per 10 grams. This surge followed a global rally driven by a weaker US dollar and expectations of Federal Reserve interest rate cuts. On MCX, gold futures for December and October deliveries also hit record peaks. Comex gold futures reached an all-time high of USD 3,694.