Following the recent import duty hike, the sharp jump in domestic prices triggered investor selling and delayed fresh purchases, further weakening already soft physical demand, he added. (Representational image)
| Photo Credit: Getty Images/iStockphoto

Gold prices on Monday (September 8, 2025) retreated from record levels to trade at ₹1,07,670 per 10 grams, down by ₹200, in the national capital due to fresh selling by stockists, according to the All India Sarafa Association.

The precious metal of 99.5% purity also fell by ₹200 to ₹1,06,800 per 10 grams (inclusive of all taxes).

On Saturday (September 6, 2025), gold of 99.9% and 99.5% purity surged ₹900 each to hit record highs of ₹1,07,870 per 10 grams and ₹1,07,000 per 10 grams, respectively, in the national capital.

Silver also came under selling pressure, tumbling by ₹1,000 to ₹1,26,000 per kg (inclusive of all taxes). The white metal scaled a lifetime high of ₹1,27,000 per kg on Saturday (September 6, 2025).

Meanwhile, in the futures market, gold and silver rebounded sharply from early losses and hit fresh peaks.

On MCX, the precious metal futures for October delivery climbed ₹447 or 0.41%, to a record high of ₹1,08,175 per 10 grams. Similarly, December futures also advanced to breach the ₹1.09 lakh per 10-gram level by jumping ₹370, or 0.34%.

“Gold remains in the bull’s control; the price opened slightly lower in the early trade on Monday. However, it recovered from earlier losses and traded higher, supported by safe-haven demand, rate cut expectations, and a steady U.S. dollar,” said Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities.

Silver futures posted an even stronger comeback. The white metal for December delivery soared ₹1,703 or 1.36% to hit an all-time high of ₹1,26,400 per kilogram on the Multi-Commodity Exchange (MCX) on Monday (September 8, 2025).

On the global front, spot gold rose sharply by $35.11, or 1%, to hit a fresh peak of $3,621.92 per ounce. Also, Comex gold futures for December delivery rose to hit a record high of $3,662 per ounce.

“Gold extended its record-breaking rally, with spot prices breaching $3,600 per ounce and futures surpassing $3,650 per ounce, underpinned by dovish Federal Reserve expectations and a string of weak U.S. labour market data,” said Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services.

Ms. Singh further stated that the precious metal, which opened the week below $3,450 per ounce but swiftly vaulted past the previous $3,500 per ounce high, gained more than 4% in the first week of September and took year-to-date gains above 36%.

“Safe-haven flows were further amplified by escalating geopolitical risks between Russia and Ukraine, heightening concerns of a prolonged conflict,” she added.

Spot silver was trading 0.56% higher at $41.23 per ounce. Comex silver futures rose 0.67% to $41.83 per ounce in the global markets.

Renisha Chainani, Head — Research at Augmont, said, “Silver is also receiving support as the macro impulse met a tight physical market where industrial demand from solar, electric vehicles, and electronics is rising while supply remains constrained.”

Ms. Chainani further said that investors will closely monitor U.S. inflation reports (Producer Price Index and Consumer Price Index), which may determine whether the momentum of bullion prices extends toward higher levels or consolidates ahead of the Fed’s policy meeting.

Published – September 08, 2025 06:11 pm IST

Gold price plunged ₹350 to ₹60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities.

The precious metal had closed at ₹60,500 per 10 grams in the previous trade.

Silver also declined ₹300 to ₹74,000 per kg.

In the global markets, both gold and silver were quoting lower at $1,912 per ounce and $22.50 per ounce, respectively.

“Gold failed to capitalise on the previous week’s strong gains as traders locked in their profits after a recent rally in prices,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

Gold rings are seen on display for customers at a jewellery shop in Seoul. File
| Photo Credit: REUTERS

Gold price gained ₹50 to ₹57,400 per 10 grams in the national capital on Friday amid a rise in precious metal prices internationally, according to HDFC Securities.

In the previous trade, the yellow metal had ended at ₹57,350 per 10 grams.

However, silver plunged ₹400 to ₹70,900 per kilogram.

Gold prices recovered from a recent low amid pullbacks in the U.S. dollar and 10-year Treasury yields, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the overseas markets, gold was up at $1,822 per ounce, while silver was quoting lower at $20.95 per ounce.

Meanwhile, traders are looking ahead to U.S. labour data which is due later today, Mr. Gandhi said.

A jewellery shop in the old quarters of Delhi. File
| Photo Credit: REUTERS

Gold price declined ₹150 to ₹57,350 per 10 grams in the national capital on Thursday amid a fall in the yellow metal prices globally, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹57,500 per 10 grams.

However, silver climbed ₹300 to ₹71,300 per kg.

“Gold traded negative on Thursday, with spot gold prices (24 carats) in the Delhi markets trading at ₹57,350/10 grams, down by ₹150 against its previous close,” Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

In the international markets, gold was down at $1,820 per ounce, while silver was trading higher at $21.15 per ounce.

Comex gold prices consolidated their lowest level since March amid mixed cues, Mr. Gandhi said.

Meanwhile, in futures trade, the December contract of gold fell ₹7 to ₹56,714 per 10 grams. Also, December contract of silver jumped ₹387 to ₹67,272 per kg on the MCX.

Representational file image.
| Photo Credit: Kamal Narang

Gold price fell by ₹50 to ₹57,500 per 10 grams in the national capital on October 4 amid a fall in precious metal prices in international markets, according to HDFC Securities.

The yellow metal had settled at ₹57,550 per 10 grams in the previous trade.

Silver also plunged ₹500 to ₹71,000 per kg.

In the overseas markets, gold was quoting lower at $1,822 per ounce, while silver was flat at $21.09 per ounce.

Comex spot gold traded around its lowest level in almost seven months on the back of strong U.S. macro data and a surge in US bond yields, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

Gold price declined ₹250 to ₹59,800 per 10 grams in the national capital on August 10 amid weak cues in the overseas market.
| Photo Credit: REUTERS

Gold price declined ₹250 to ₹59,800 per 10 grams in the national capital on August 10 amid weak cues in the overseas market, according to HDFC Securities.

The precious metal had closed at ₹60,050 per 10 grams in the previous trade.

Silver also plunged ₹300 to ₹73,300 per kg.

Gold declined further on August 10, with spot gold prices in the Delhi markets trading at ₹59,800/10 grams (the lowest level since July 13), down by ₹250 against its previous day close, Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

In the global markets, gold and silver were quoting lower at $1,919 per ounce and $22.80 per ounce, respectively.

Today’s U.S. CPI inflation data for July will be crucial for the metal. Softer than expected CPI (Consumer Price Index) data may support the metal prices to some extent.

However, the upside may remain capped as most of the recent US macroeconomic data have been mostly upbeat, Praveen Singh – Associate VP, Fundamental Currencies and Commodities at Sharekhan by BNP Paribas, said.