Gold Hits Record High on MCX, Silver Soars Over 3% Amid Rate Cut Hopes

• Gold prices on MCX reached a record high, with the February contract trading up by ₹1,065 (0.75%) at ₹143,333.
• Silver surged over 4%, with the March contract hitting ₹286,200, up by ₹11,220 (4.08%).
• Softer US inflation data (Core CPI up 0.2% MoM, 2.6% YoY) fueled expectations of US Fed interest rate cuts.
• Other commodities saw mixed movements: copper up, crude oil down, and natural gas up.
• Expert Ajay Kedia recommends buying gold, silver, and crude oil contracts for potential earnings today.

Why It Matters: Gold and silver prices surged to record highs on MCX, driven by US interest rate cut expectations.