Gold rate today: Futures rise Rs 527 to Rs 1.21 lakh/10g; silver gains on global rally & Fed rate hopes

Gold prices surged on Friday, nearing Rs 1.21 lakh per 10 grams, driven by global market strength and anticipation of US Federal Reserve interest rate cuts. Silver also saw a significant jump. Economic uncertainties and the ongoing US government shutdown are fueling investor confidence in the precious metals, pushing them towards further gains.