Gold price as we speak: Gold costs on Monday surged to a recent lifetime excessive of Rs 1,30,300 per 10 grams in Delhi, skyrocketing Rs 9,700 to scale this new peak. The gold value rally is pushed by worldwide safe-haven investments and the weakening Indian rupee.Market contributors indicated that the depreciation of the rupee in opposition to the US greenback contributed to the dear steel’s rise.Throughout this 12 months, gold costs have elevated by Rs 51,350 or 65.04 per cent, advancing from Rs 78,950 per 10 grams on December 31, 2024.The All India Sarafa Affiliation reported that the 99.9 per cent pure gold had beforehand closed at Rs 1,20,600 per 10 grams on Friday, in accordance with a PTI report.In home bullion buying and selling, 99.5 per cent pure gold elevated by Rs 2,700, reaching a file Rs 1,22,700 per 10 grams (together with all taxes) on Monday, up from Rs 1,20,000 per 10 grams within the earlier session.
Why are gold & silver costs rising?
“Gold reached a brand new file excessive on Monday as buyers nonetheless favor bullion regardless of this file excessive value. They’re anticipating additional good points in bullion backed by beneficial fundamentals and powerful bullish momentum,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, mentioned.Gandhi noticed that worries about an prolonged US authorities shutdown’s potential financial influence are enhancing the attraction of safe-haven belongings.Silver costs additionally demonstrated substantial progress, growing by Rs 7,400 to achieve a brand new excessive of Rs 1,57,400 per kilogram (together with all taxes), rising from Rs 1,50,000 per kg on Friday, in accordance with the affiliation.Silver has skilled a considerable enhance of Rs 67,700, representing a 75.47 per cent rise since December 31, 2024, when it was priced at Rs 89,700 per kg.In world markets, spot gold demonstrated vital progress, climbing almost 2 per cent to achieve a file excessive of $3,949.58 per ounce, while silver elevated by over 1 per cent, reaching $48.75 per ounce.“Spot gold prolonged good points and surged above $3,940 per ounce for the primary time ever because the US authorities shutdown enters its sixth day, following the Senate’s failure to move funding payments on Friday,” acknowledged Kaynat Chainwala, AVP Commodity Analysis at Kotak Securities.Each gold and silver futures achieved new file ranges in home futures buying and selling on Monday.Gold futures for December supply elevated by Rs 1,962, equal to 1.66 per cent, reaching an unprecedented excessive of Rs 1,20,075 per 10 grams on the Multi Commodity Change (MCX).The February 2026 gold futures contract rose by Rs 2,047, or 1.71 per cent, reaching a brand new peak of Rs 1,21,380 per 10 grams.“Gold traded positively with sharp good points to hit a file Rs 1,20,000 per 10 grams-mark, as Comex gold prolonged its rally above $3,900 per ounce. The continued festive demand and world sentiment-driven rally proceed to help costs, whereas rupee weak point provides home energy,” defined Jateen Trivedi, VP Analysis Analyst – Commodity and Foreign money at LKP Securities.On the MCX, silver demonstrated constructive momentum. The December supply futures of the white steel elevated by Rs 2,233 or 1.53 per cent, reaching Rs 1,47,977 per kilogram.Silver futures for March 2026 supply achieved a brand new file on the commodities alternate, rising by Rs 2,337 or 1.59 per cent to Rs 1,49,605 per kg.In worldwide markets, December supply gold futures reached a brand new peak at $3,973.60 per ounce. Equally, December supply silver futures touched $48.58 per ounce.“The closure (of the US authorities) has delayed the discharge of key financial information, together with September’s jobs report, creating uncertainty over the well being of the labour market information and different essential indicators,” Chintan Mehta, Chief Govt Officer of Abans Monetary Companies, mentioned.In response to Mehta, current months have seen valuable steel costs proceed their unprecedented rise, influenced by persisting US financial issues and underwhelming employment statistics.Renisha Chainani, Head of Analysis at Augmont, famous that in worldwide markets, gold costs have witnessed a 50 per cent enhance, while silver costs have proven a 65 per cent rise this 12 months.“2025 has been the 12 months of uncertainties – it began with political uncertainty, then tariff uncertainty, geopolitical uncertainty, price lower uncertainty and now US shutdown uncertainty. All these components have supported bullion costs to rise phenomenally this 12 months on safe-haven demand,” Chainani mentioned.She additional defined that a number of components contributed to elevated gold demand as a hedging instrument, together with a declining greenback, substantial central financial institution acquisitions, heightened curiosity in gold-backed exchange-traded funds, and elevated participation from retail buyers.In response to Manav Modi, Analyst – Valuable Metallic Analysis at Motilal Oswal Monetary Companies, market contributors shall be keenly observing particular indicators this week, together with the Federal Open Market Committee assembly minutes and Federal Reserve chair Jerome Powell’s handle on Thursday.