04 Oct 2025 | 5 Mins Read
Gold Prices Reach Seventh Consecutive Weekly Gain on US News
Flipitmoney
US Government Shutdown Fuels Safe-Haven Demand for Gold. Gold prices extended their rally for the seventh straight week, finishing at ₹1,18,100 per 10 grams on MCX, logging a 2.79% weekly gain. Spot gold price surged to a new lifetime high of $3,896.91 per ounce, as safe-haven demand fueled by the US shutdown and potential US Fed rate cut drove prices up.