Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,08,744 per 10 grams today.
Spot gold was up 0.4% at $3,654.09 per ounce, as of 0931 GMT, after hitting a record high of $3,659.10 earlier in the session
Gold rate today: Yellow metal's futures with October expiry crossed the key Rs 1,09,500 per 10 grams mark on MCX earlier today.
Gold's rise is being driven by a combination of factors including a weaker US dollar, expectations of interest rate cuts, political pressure on the Federal Reserve, and heightened geopolitical uncertainties, said Axis Mutual Fund.
While growth in the South Asian nation is being driven by urbanization and rising incomes, China is facing slowing crude consumption growth aside from in petrochemicals.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,07,456 per 10 grams today.
Bullion was less than $10 short of its latest peak near $3,600 an ounce in early Asian trading, after rallying as much as 1.5% late Friday.
Brent crude gained 34 cents, or 0.5%, to $65.84 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude rose 30 cents, or 0.5%, to $62.17 a barrel.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,06,500 per 10 grams today.
Some experts believe that rising concern over US central bank's independence may be undermining trust in dollar-denominated assets, pushing investors toward gold.
Gold rate today: 'Gold extended its rally in the global market to fresh highs, reflecting investor caution amid persistent concerns over prolonged US tariffs and their potential impact on global growth and geopolitical change,' said Vinod Nair from Geojit Investments.
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,04,850 per 10 grams today, as against the previous close of Rs 1,04,785 per 10 grams.
The rally in silver has followed the surge in gold prices, which topped $3,500 per ounce - a record high - on rising hopes of a rate cut by US Federal Reserve, and strong safe haven buying amid global uncertainties.
The rising gold prices bodes well for gold financiers, as it increases the value of the collateral while issuing loans, reducing the risk of default.
Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.
Gold's futures contracts with October expiry on MCX jumped more than 2% to hit an all time high of Rs 1,05,937 per 10 grams today.
Brent crude fell 12 cents, or 0.18%, to $67.36 a barrel by 0046 GMT, while U.S. West Texas Intermediate crude was at $63.88 a barrel, down 13 cents, or 0.2%.
For the first time since the 1990s, the world’s central banks, the 'banks of countries' now hold more gold than US government bonds.
The uptrend in gold is expected to extend into the coming week, with immediate resistance seen at Rs 1,05,100 per 10 gram and subsequent resistance at Rs 1,06,860 per 10 gram.
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,02,380 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,01,450 per 10 grams today.
Spot gold held its ground at $3,390.27 per ounce, as of 0257 GMT, after hitting its highest point since August 11 earlier in the session. US gold futures for December delivery were flat at $3,447.40.
