Gold price jumps past $4,800 as India MCX futures hit ₹1.58 lakh; silver sets fresh record
India’s MCX gold futures hit a record ₹1,58,339 per 10 grams Wednesday, while spot gold surged to $4,887.82 an ounce as investors sought safe havens amid US-Europe tensions over Greenland. Silver futures in India reached ₹3,35,521 per kg. Physical-market gold premiums in India jumped above $100 an ounce on speculation of an import-duty hike before the Feb. 1 budget.