Gold price today: Gold rate hits new high; March gains surpass Rs 2,700; what you should know

Gold prices reached a new peak on the MCX, driven by expectations of a US Federal Reserve interest rate cut. Silver futures also saw an increase. The weakening dollar index and strong demand from China supported the surge. ET quoted Anuj Gupta from HDFC Securities. Neha Qureshi from Anand Rathi Commodities & Currencies analyzed the trend.