October 9, 2026
Business

Gold sparkles to Rs 1,01,539 on MCX amid safe haven buying; Is the trend likely to continue?

Gold October futures on MCX hit a record high of Rs 1,01,539 per 10 grams amid strong safe-haven demand driven by U.S. tariff uncertainty. Silver also traded firm at Rs 1,14,335/kg. Volatility remains elevated as the dollar index weakens. Analysts expect gold and silver to stay volatile, with key resistance levels likely to be tested in upcoming sessions.

​Gold October futures on MCX hit a record high of Rs 1,01,539 per 10 grams amid strong safe-haven demand driven by U.S. tariff uncertainty. Silver also traded firm at Rs 1,14,335/kg. Volatility remains elevated as the dollar index weakens. Analysts expect gold and silver to stay volatile, with key resistance levels likely to be tested in upcoming sessions. 

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