New Delhi, October 13, 2025 — Gold prices in India soared to an all-time high on Monday, reaching ₹1,23,977 per 10 grams in the domestic futures market. The surge was driven by escalating global economic tensions, including renewed trade friction between the United States and China, a prolonged U.S. government shutdown, and increased investor demand for safe-haven assets.
On the Multi Commodity Exchange (MCX), gold futures for December delivery rose by ₹2,613 — a 2.15% jump — marking a new peak for the yellow metal. The February 2026 contract also saw significant movement, trading near its lifetime high at ₹1,24,999 per 10 grams.
The rally in gold prices reflects growing investor anxiety over macroeconomic instability and geopolitical risks. Analysts attribute the spike to expectations of interest rate cuts by the U.S. Federal Reserve, continued central bank purchases, and a flight to safety amid volatile equity markets.
Silver futures mirrored the trend, with December contracts climbing by ₹5,856 — a 4% increase — to ₹1,47,450 per kilogram. In global markets, U.S. gold futures for December breached the $4,000 per troy ounce mark, while spot gold hovered around $3,995.14.
The domestic market has seen a year-on-year rise of nearly 55% in gold prices, making it an increasingly attractive investment option. Experts caution, however, that while gold remains a reliable hedge against uncertainty, investors should remain vigilant about price volatility and global policy shifts.
