In the international markets, spot gold rose marginally to $4,708.17 per ounce, while silver gained nearly 1% to $75.96 per ounce.
| Photo Credit: Reuters

Image used for representative purpose only.
| Photo Credit: Reuters

Image used for representative purpose only.
| Photo Credit: Reuters

Gold and silver prices regained their shine on Monday (October 20, 2025), rising in the domestic futures market as investors turned to value buying after a brief pullback from record highs and renewed appetite for safe haven assets amid global uncertainties.

On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed ₹982, or 0.77%, to ₹1,27,990 per 10 grams in a business turnover of 14,913 lots.

The yellow metal had surged to an all-time high of ₹1,32,294 per 10 grams on Friday (October 17, 2025) before settling at ₹1,27,008 per 10 grams, snapping a five-day rally.

The February 2026 contract for gold also advanced ₹1,680 or 1.31%, to ₹1,29,743 per 10 grams in 1,862 lots. It had touched a fresh peak of ₹1,34,024 per 10 grams in the previous market trade.

Last week, gold futures rose by ₹5,644, or 4.65%, reflecting strong investor sentiment.

Silver futures, too, joined the recovery. The white metal for December delivery rallied by ₹1,522 or 0.97% to ₹1,58,126 per kilogram in a business turnover of 23,985 lots. It had touched an all-time high of ₹1,70,415 per kg on the MCX.

The March 2026 contract increased by ₹1,292 or 0.82% to ₹1,59,361 per kg in 5,787 lots. It had scaled a lifetime high of ₹1,72,350 per kilogram in the previous trade.

Over the past week, silver prices have risen ₹10,138, or 6.92%, supported by industrial demand and persistent supply constraints.

Analysts said safe-haven demand remains resilient amid heightened geopolitical tensions, global trade-related uncertainties, and concerns over a prolonged US government shutdown.

In the global markets, both gold and silver witnessed renewed buying after a brief correction. On the Comex, gold futures for December delivery advanced by $62.46, or 1.48%, to $4,275.76 per ounce after touching an all-time high of $4,392 per ounce on Friday (October 17, 2025).

“Gold has surged more than 65% so far this year, buoyed by a potent mix of central-bank buying, robust ETF inflows, and aggressive positioning on expectations of US monetary easing,” Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services, said.

She added that the weakening dollar and speculation that the US Federal Reserve could announce an outsized rate cut before year-end have strengthened the outlook for bullion.

“Silver has also gained substantially, though ETF inflows into the white metal have started to plateau, suggesting some fatigue in that segment,” Mr. Singh said.

Silver futures on Comex rose 1.50% to $50.85 per ounce after a volatile week in which the metal had hit a record of $53.76 per ounce before sliding 6% in its sharpest fall in six months.

According to commodities market experts, last week’s correction was triggered by easing fears over U.S. credit conditions and signs of improvement in trade relations between Washington and Beijing, which reduced immediate safe-haven demand.

Investment sentiment also improved after U.S. President Donald Trump’s remarks helped ease trade tensions, while upbeat earnings from regional banks lifted equities and Treasury yields, weighing on gold’s safe-haven appeal.

Despite corrections, an expert said, “The broader outlook for bullion remains positive. They expect gold and silver to stay supported in the coming weeks on continued geopolitical uncertainty, central bank buying, and expectations of further monetary easing by the US Federal Reserve.”

Published – October 20, 2025 02:21 pm IST

Image used for representational purposes. File
| Photo Credit: Reuters

Gold prices fell ₹643 to ₹1,16,945 per 10 grams in futures trade on Friday (October 3, 2025), retreating from record high as investors booked profits amid caution over the US government shutdown and Fed policy outlook.

On the MCX, gold futures for December delivery declined ₹643 or 0.55% to ₹1,16,945 per 10 grams in a turnover of 15,733 lots, snapping a five-day winning streak.

On Wednesday, the contract had scaled a lifetime high of ₹1,18,444 per 10 grams.

Similarly, the February 2026 contract for the yellow metal futures depreciated by ₹646 or 0.54% to ₹1,18,213 per 10 grams. In the previous session, the precious metal had touched an all-time high of ₹1,19,674 per 10 grams.

“Gold prices saw mild profit-taking on Friday, following a sharp rally of nearly 50% so far this year. Despite the pause, the yellow metal remains on track for its seventh consecutive weekly gain,” Darshan Desai, Chief Executive Officer at Aspect Bullion & Refinery, said.

While technical indicators suggested that gold prices are in “overbought” territory and vulnerable to short-term correction, ongoing uncertainty around the U.S. government shutdown and its impact on Federal Reserve policy could limit downside pressure from a stronger U.S. dollar, Mr. Desai added.

“At these elevated levels, investors booked partial profits, with an eye on re-entering during price correction. Lower levels are likely to attract renewed buying interest, particularly from Exchange Traded Fund investors and central banks, he noted.

Commodity markets were closed on Thursday on account of Gandhi Jayanti and Dussehra.

Silver too witnessed a pullback after scaling a fresh peak on Wednesday.

The white metal futures for December delivery slumped by ₹2,170 or 1.55 to ₹1,42,550 per kilogram in 19,818 lots. The contract had hit a record ₹1,45,715 per kilogram on Wednesday.

The March 2026 silver contract tumbled by ₹1,996 or 1.36% to ₹1,44,266 per kilogram in 2,400 lots, after touching a high of ₹1,47,784 per kilogram in the previous trade.

“Silver prices witnessed profit booking after hitting all-time highs in the domestic markets. The U.S. government’s ongoing shutdown extended into a second day on Thursday, potentially delaying key economic data such as the non-farm payrolls report,” Manav Modi, Analyst – Precious Metal Research at Motilal Oswal Financial Services, said.

Globally, gold futures were trading lower at $3,867.15 per ounce on Friday after touching a record of $3,923.30 per ounce in the previous trade. Silver futures for December delivery, however, rose nearly 1% to $46.79 per ounce, recovering from a recent high of $48.01 per ounce.

“Silver is trading near $47 an ounce but remains on track for a seventh consecutive weekly gain, supported by expectations of further U.S. rate cuts and uncertainty from the government shutdown,” Jigar Trivedi, Senior Research Analyst at Reliance Securities, said.

Mr. Trivedi added that recent U.S. macroeconomic data reinforced market participants’ bets on additional monetary easing, with traders fully pricing in a 25 basis point cut this month and another by December.

Published – October 03, 2025 12:01 pm IST

New Delhi:

Gold prices tumbled Rs 1,000 to slip below the Rs 80,000 level in the national capital on Monday amid weak global trends, according to local marketmen.

The precious metal of 99.9 per cent purity tanked Rs 1,000 to Rs 79,400 per 10 grams against the previous close of Rs 80,400 on Friday.

Silver declined Rs 1,600 to Rs 91,700 per kg. The metal finished at Rs 93,300 per kg on Friday.

The price of gold with 99.5 per cent purity plunged Rs 1,000 to Rs 79,000 per 10 grams. The yellow metal had settled at Rs 80,000 per 10 grams in the previous session on Friday.

“Gold witnessed a sharp decline of more than Rs 1,000 below Rs 76,500, as the war premium faded, with no fresh geopolitical escalations over the weekend to sustain the rally,” Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said.

Last week’s strong surge in MCX and Comex prices prompted profit booking, leading to the unwinding of long positions. This week, traders will await weekly jobless claims and the Fed’s Federal Open Market Committee (FOMC) meeting minutes, which will more direction for the yellow metal, Trivedi added.

Meanwhile, in futures trade on the MCX, gold contracts for December delivery plunged Rs 1,071 or 1.38 per cent to trade at Rs 76,545 per 10 grams. It closed at Rs 77,616 per 10 grams in the previous trading session.

Silver contracts for December delivery declined Rs 1,468 or 1.62 per cent to Rs 89,300 per kg against the previous close of Rs 90,768 per kg on Friday.

Last week, the yellow metal went beyond the USD 2,700 mark due to the worsening conflict between Russia and Ukraine.

On Monday, Comex gold futures fell USD 40.80 per ounce or 1.49 per cent to USD 2,696.40 per ounce in the global markets.

“Gold resumed trading on a weaker note and fell below USD 2,700 per ounce on Monday, as traders took profit following nearly a 6 per cent rally last week, fuelled by safe-haven demand amid rising tensions in the Russia-Ukraine crisis,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.

In the Asian market hours, silver also quoted 1.7 per cent lower at USD 31.24 per ounce.

According to Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers, gold fell over one per cent on Monday amid reports that Israel was close to reaching a ceasefire with Lebanon’s Hezbollah.

However, much of the renewed upside this week depends on the developments in the Russia-Ukraine, where investors are advised to remain vigilant amid any escalation could lead to renewed short-covering moves in gold.

Focus to remain on dollar strength amid macroeconomic data, including the US Personal Consumption Expenditures (PCE) price index would be crucial on cues for inflation in the near term, which could cap a sharp upside in the near term, Sharma said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Gold prices rose by Rs 300 to Rs 81,400 per 10 grams, near its record high level, in the national capital on Tuesday due to heavy demand for Dhanteras by jewellers and retailers, the All India Sarafa Association reported.

Silver increased by Rs 200 to Rs 99,700 per kg on rising demand by industrial units and coin makers. It had closed at Rs 99,500 per kg on Monday.

Traders say silver coins have become the go-to option for token purchase on Dhanteras, ditching the traditional gold because of sky-high rates. 

Additionally, gold of 99.5 per cent purity jumped Rs 300 to near an all-time peak of Rs 81,000 per 10 grams.

On Monday, the precious metal of 99.9 per cent and 99.5 per cent purity had closed at Rs 81,100 and Rs 80,700 per 10 grams.

In futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery appreciated by Rs 178 or 0.23 per cent to Rs 78,744 per 10 grams.

“Gold prices in MCX remained positive, with Dhanteras adding enthusiasm for long positions. More buying occurred on this auspicious day, pushing the prices on the MCX and trading above Rs 80,000 in the physical jewellery market,” Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said.

Silver contracts for December delivery bounced Rs 786 or 0.81 per cent to Rs 98,210 per kg on the MCX.

Globally, Comex gold futures rose 0.23 per cent to USD 2,762.20 per ounce.

“Gold advanced toward a record in the European trading hours on Tuesday amid concerns about the US Presidential election and escalating US debt crisis continue to fuel safe-haven demand, pushing flows into the precious metal,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

According to Pranav Mer, VP – Research (Commodity & Currency) BlinkX and JM Financial, gold continues to trade positively with buying seen at every small correction over the past three trading sessions.

(With PTI inputs)

Silver anklets in Salem in Tamil Nadu. File image for representation.
| Photo Credit: E. Lakshmi Narayanan

Silver prices hit a lifetime high levels of ₹97,100 in the local market on Wednesday, while gold prices rose ₹250 in line with strong trends in the overseas markets, according to HDFC Securities.

Continuing its winning run for the third straight session, silver soared ₹1,150 to ₹97,100 per kg. It had closed at ₹95,950 per kg on Tuesday.

In the futures trade, silver also hit a lifetime peak of ₹96,493 per kg on the Multi Commodity Exchange (MCX) on Wednesday.

Meanwhile, the gold prices climbed ₹250 to ₹73,200 per 10 grams in the national capital.

In the previous session, the precious metal prices had settled at ₹72,950 per 10 grams.

“Spot gold prices (24 carats) in the Delhi markets are trading at ₹73,200 per 10 grams, up ₹250 against the previous close,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.

In international markets, spot gold at Comex was trading at $2,352 per ounce, up $6 from the previous close.

“Gold prices rose slightly on Wednesday, as safe haven demand following another attack on a ship in the Red Sea added to heightened geopolitical tensions in the Middle East.”

“However, hawkish comments from several U.S. Federal Reserve officials and a jump in U.S. Treasury yields limit the gains in precious metals,” Mr. Gandhi said.

Additionally, silver also traded higher at $32.05 per ounce. In the previous session, it ended at $31.50 per ounce. Spot silver prices have gained 35% this year to date, reaching 12-year highs.

“Gold price faced resistance at $2,355-2,360 level in Comex, and MCX Gold faced selling around ₹72,450.”

“Amid a rise in US dollar and upcoming Personal Consumption Expenditures (PCE) price index data on Friday, which will hint towards inflation projections, thus profit booking was seen in gold after a positive rally from ₹71,250 to 72,450 in last three trading sessions,” Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said.

On the MCX, the most traded July contract of silver gained ₹52 to trade at ₹95,500 per kg. However, gold contracts for June delivery were trading lower by ₹131, or 0.18%, to ₹72,049 per 10 grams on the bourse.

File image for representation.
| Photo Credit: PTI

Gold prices rose ₹150 to ₹62,850 per 10 grams in the national capital on Wednesday amid strong global cues in the overseas markets, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹62,700 per 10 grams.

Silver also climbed ₹100 to ₹75,700 per kilogram, while it had settled at ₹75,600 per kg in the previous close.

“Spot gold prices (24 carats) in the Delhi markets are trading at ₹62,850 grams, up by ₹150, amid a bullish trend in overseas markets,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the international markets, spot gold at Comex was trading at $2,027 per ounce, up by $9 from the previous close.

Gold prices rose on Wednesday amid ongoing geopolitical uncertainty, which helps the safe haven metal and continues to boost the uptrend, Mr. Gandhi added.

Silver was trading higher at $23.06 per ounce, while it had ended at $23.01 per ounce in the previous trade.

“Market participants are eagerly awaiting the release of the U.S. Fed’s meeting minutes later on Wednesday, which could provide insights into future monetary policy decisions,” Jateen Trivedi, VP Research Analyst at LKP Securities, said.