India, Feb. 10 -- Gold prices surged to a record high in the domestic futures market on Monday due to uncertainty regarding US President Donald Trump's tariffs.

Gold futures on the Multi Commodity Exchange (MCX) jumped to a high of Rs.85,469 per 10 grams. At 10:55 am on Monday, it was at Rs.85,322.

Meanwhile, gold prices internationally rose to $2,878.75 per ounce, according to Bloomberg data. This was a rise of $17.68 or 0.62%.

This comes as US President Donald Trump decided to impose 25% tariffs on Monday on all steel and aluminium imports, according to a Reuters report.

He is also planning to announce reciprocal tariffs on many countries by Monday or Tuesday next week, according to the report. This further sparks concerns of a pote...