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Gold Price Today: Rates Hit Record High on US Shutdown Concerns; Experts Highlight Key MCX Levels to Watch

Gold prices surged over 11% in September, driven by US government shutdown fears and expectations of Federal Reserve interest rate cuts, marking the best monthly gain in 14 years.

  • On September 30, 2025, gold hit a fresh record high of USD 3,893 per ounce and is heading for its biggest monthly gain in 14 years.
  • Investor concern over a looming U.S. government shutdown pushed demand for safe havens as White House talks ended without a funding deal, raising shutdown risk ahead of Oct. 1.
  • On the MCX, December gold futures rallied Rs 1,217 to a record Rs 1,17,561 per 10 grams, extending gains for a fourth straight session.
  • Bullion ETFs drew USD 10 billion in September, lifting total inflows this year to about USD 50 billion, benefiting major gold producers with record profit margins.
  • While forecasts point higher, analysts warn gold could fall sharply if a government shutdown is avoided, with markets pricing roughly an 89% chance of a Fed rate cut at Oct 28-29.
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goldseek.com broke the news in on Monday, September 29, 2025.
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