Gold prices crossed ₹1.20 lakh per 10 gm on the domestic futures market for the first time on Tuesday. This comes amid strong global cues and US Federal Reserve rate cut expectations. MCX gold December expiry futures surged to a record high of ₹1,20,900 per 10 gm, while gold February 2026 expiry futures peaked at ₹1,22,231 per 10 gm.