Gold Hits All-Time High on MCX: Rs 1,35,550/10g; Rate Cuts & Geopolitics Fuel Rally

• Gold prices on MCX reached an all-time high of Rs 1,35,550 per 10 grams for 24-carat purity on December 22.
• The previous peak was Rs 1,35,079 on December 17, with current futures up 1.01% from the previous close.
• Spot gold traded above $4,395 an ounce, marking a 2.16% increase in a week.
• Rising prices are attributed to anticipated interest rate cuts in early 2026, geopolitical tensions between the US and Venezuela, and strong industrial/investment demand.
• City-wise prices show marginal differences due to local taxes, jeweller margins, and logistics costs.

Why It Matters: Gold prices soar to record highs driven by rate cut expectations and geopolitical factors.