Gold Futures Cross ₹1 Lakh Mark, Surge ₹2,048 Amid Global Uncertainty

Gold futures breached the ₹1 lakh mark for the first time ever on Monday, as heightened global economic uncertainty and political developments drove investors toward safe-haven assets. The yellow metal’s August delivery contract on the Multi Commodity Exchange (MCX) surged by ₹2,048 or 2.1% during mid-session trade, touching an all-time high of ₹1,00,000 per 10 grams.

The rally comes amid escalating concerns over a potential overhaul of the US Federal Reserve, as hinted by President Donald Trump, and ongoing global trade tensions. These factors have intensified fears of economic instability, prompting investors to flock to gold.

Although prices later settled slightly lower at ₹99,790 per 10 grams, they were still up ₹1,838 or 1.88%, with an open interest of 2,492 lots.

This marks the fourth consecutive session of gains for gold futures, reinforcing its status as a reliable hedge during uncertain times. Analysts predict the bullish momentum may continue if geopolitical and economic conditions remain volatile.