Global Record High Gold Cross Rs 1.22 Lakh on MCX

Mumbai, October 8 (IANS). Gold in international markets had a major increase on Wednesday and the price crossed $ 4,000 a ounce. This is the first time in history, when the price of gold has crossed this figure. In the international market, the price of the Gold December futures on the Comex was $ 4.040 per gram at 10:00. Gold prices are due to the increase in global instability, which gives investors preference for investment in gold. In addition, the possibility of additional deduction in US Fed interest rates further broadcast this boom. The contract price of gold on the Multi -Commodity Exchange (MCX) on December 5, 2025 rose 0.87 percent to Rs 1,22,170 per 10 grams. Along with gold, silver also gets a boom. The price of silver contract of December 5 rose to Rs 1,47,354 per kg. The price rose 1.07 percent on Wednesday. The price of silver on Comex rose 1.44 percent to $ 48.20 an ounce. Since the beginning of this year, gold has given more than 55 percent returns and has given Silver about 70 percent. Goldman Sash, one of the largest investment banks in the world, says Gold could rise to $ 5,000 percent by next year, which is currently over $ 4,000 an ounce. Experts believe that if global uncertainty is left and the Federal Reserve moves in interest rates in the coming months, the record of gold could continue to rise. Gold prices have reached more than $ 4,000 a gram as a result of increasing investment options by investors amid growing global uncertainties. He further said: “The government’s closure in the US, political upheaval in France, economic concern in Japan and Argentina and the increase in Russia-Ukraine War, promotes shopping in precious metals.” -Ians abs/