Gold price today, Oct. 14 -- Rates of gold and silver saw sharp gains in the morning session on the MCX on Tuesday, October 14, as heightened concerns over US tariffs and expectations of further rate cuts by the US Federal Reserve continue fuelling safe-haven demand.

MCX Gold December futures jumped nearly Rs.2,300, or over 1.8 per cent, to hit a new record high of Rs.1,26,919 per 10 grams, while MCX Silver December futures surged by over Rs.8,000, or more than 5 per cent, to scale a fresh peak of Rs.1,62,700 per kg in Tuesday's session.

In the previous session, MCX Gold ended 2.6 per cent higher at Rs.1,24,562 per 10 grams, and MCX Silver closed with a steep gain of 5.6 per cent at Rs.1,54,650 per kg.

Gold prices are surging amid glob...