Gold rate today : Gold prices on Monday surged to a fresh lifetime high of Rs 1,30,300 per 10 grams in Delhi, skyrocketing Rs 9,700 to scale this new peak. The gold price rally is driven by international safe-haven investments and the weakening Indian rupee.
Market participants indicated that the depreciation of the rupee against the US dollar contributed to the precious metal's rise.
During this year, gold prices have increased 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 Association reported that the 99.9 per cent pure gold had previously closed at Rs 1,20,600 per 10 grams on Friday, according to a PTI report.
In domestic bullion trading, 99.5 per cent pure gold increased by Rs 2,700, achieving a record Rs 1,22,700 per 10 grams (including all taxes) on Monday, up from Rs 1,20,000 per 10 grams in the previous session.
Why are gold & silver prices rising?
"Gold reached a new record high on Monday as investors still prefer bullion despite this record high price. They are anticipating further gains in bullion backed by favourable fundamentals and strong bullish momentum," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Gandhi observed that worries about an extended US government shutdown's potential economic impact are enhancing the appeal of safe-haven assets.
Silver prices also demonstrated substantial growth, increasing by Rs 7,400 to reach a new high of Rs 1,57,400 per kilogram (including all taxes), rising from Rs 1,50,000 per kg on Friday, according to the association.
Silver has experienced a substantial increase 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 global markets, spot gold demonstrated significant growth, climbing nearly 2 per cent to reach a record high of $3,949.58 per ounce, whilst silver increased by over 1 per cent, reaching $48.75 per ounce.
"Spot gold extended gains and surged above $3,940 per ounce for the first time ever as the US government shutdown enters its sixth day, following the Senate's failure to pass funding bills on Friday," stated Kaynat Chainwala, AVP Commodity Research at Kotak Securities.
Both gold and silver futures achieved new record levels in domestic futures trading on Monday.
Gold futures for December delivery increased by Rs 1,962, equivalent to 1.66 per cent, reaching an unprecedented high of Rs 1,20,075 per 10 grams on the Multi Commodity Exchange (MCX).
The February 2026 gold futures contract rose by Rs 2,047, or 1.71 per cent, achieving a new peak of Rs 1,21,380 per 10 grams.
"Gold traded positively with sharp gains to hit a record Rs 1,20,000 per 10 grams-mark, as Comex gold extended its rally above $3,900 per ounce. The ongoing festive demand and global sentiment-driven rally continue to support prices, while rupee weakness adds domestic strength," explained Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities.
On the MCX, silver demonstrated positive momentum. The December delivery futures of the white metal increased by Rs 2,233 or 1.53 per cent, reaching Rs 1,47,977 per kilogram.
Silver futures for March 2026 delivery achieved a new record on the commodities exchange, rising by Rs 2,337 or 1.59 per cent to Rs 1,49,605 per kg.
In international markets, December delivery gold futures reached a new peak at $3,973.60 per ounce. Similarly, December delivery silver futures touched $48.58 per ounce.
"The closure (of the US government) has delayed the release of key economic data, including September's jobs report, creating uncertainty over the health of the labour market data and other critical indicators," Chintan Mehta, Chief Executive Officer of Abans Financial Services, said.
According to Mehta, recent months have seen precious metal prices continue their unprecedented rise, influenced by persisting US economic concerns and underwhelming employment statistics.
Renisha Chainani, Head of Research at Augmont, noted that in international markets, gold prices have witnessed a 50 per cent increase, whilst silver prices have shown a 65 per cent rise this year.
"2025 has been the year of uncertainties - it started with political uncertainty, then tariff uncertainty, geopolitical uncertainty, rate cut uncertainty and now US shutdown uncertainty. All these factors have supported bullion prices to rise phenomenally this year on safe-haven demand," Chainani said.
She further explained that several factors contributed to increased gold demand as a hedging instrument, including a declining dollar, substantial central bank acquisitions, heightened interest in gold-backed exchange-traded funds, and increased participation from retail investors.
According to Manav Modi, Analyst - Precious Metal Research at Motilal Oswal Financial Services, market participants will be keenly observing specific indicators this week, including the Federal Open Market Committee meeting minutes and Federal Reserve chair Jerome Powell's address on Thursday.
Market participants indicated that the depreciation of the rupee against the US dollar contributed to the precious metal's rise.
During this year, gold prices have increased 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 Association reported that the 99.9 per cent pure gold had previously closed at Rs 1,20,600 per 10 grams on Friday, according to a PTI report.
In domestic bullion trading, 99.5 per cent pure gold increased by Rs 2,700, achieving a record Rs 1,22,700 per 10 grams (including all taxes) on Monday, up from Rs 1,20,000 per 10 grams in the previous session.
Why are gold & silver prices rising?
"Gold reached a new record high on Monday as investors still prefer bullion despite this record high price. They are anticipating further gains in bullion backed by favourable fundamentals and strong bullish momentum," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Gandhi observed that worries about an extended US government shutdown's potential economic impact are enhancing the appeal of safe-haven assets.
Silver prices also demonstrated substantial growth, increasing by Rs 7,400 to reach a new high of Rs 1,57,400 per kilogram (including all taxes), rising from Rs 1,50,000 per kg on Friday, according to the association.
Silver has experienced a substantial increase 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 global markets, spot gold demonstrated significant growth, climbing nearly 2 per cent to reach a record high of $3,949.58 per ounce, whilst silver increased by over 1 per cent, reaching $48.75 per ounce.
"Spot gold extended gains and surged above $3,940 per ounce for the first time ever as the US government shutdown enters its sixth day, following the Senate's failure to pass funding bills on Friday," stated Kaynat Chainwala, AVP Commodity Research at Kotak Securities.
Both gold and silver futures achieved new record levels in domestic futures trading on Monday.
Gold futures for December delivery increased by Rs 1,962, equivalent to 1.66 per cent, reaching an unprecedented high of Rs 1,20,075 per 10 grams on the Multi Commodity Exchange (MCX).
The February 2026 gold futures contract rose by Rs 2,047, or 1.71 per cent, achieving a new peak of Rs 1,21,380 per 10 grams.
"Gold traded positively with sharp gains to hit a record Rs 1,20,000 per 10 grams-mark, as Comex gold extended its rally above $3,900 per ounce. The ongoing festive demand and global sentiment-driven rally continue to support prices, while rupee weakness adds domestic strength," explained Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities.
On the MCX, silver demonstrated positive momentum. The December delivery futures of the white metal increased by Rs 2,233 or 1.53 per cent, reaching Rs 1,47,977 per kilogram.
Silver futures for March 2026 delivery achieved a new record on the commodities exchange, rising by Rs 2,337 or 1.59 per cent to Rs 1,49,605 per kg.
In international markets, December delivery gold futures reached a new peak at $3,973.60 per ounce. Similarly, December delivery silver futures touched $48.58 per ounce.
"The closure (of the US government) has delayed the release of key economic data, including September's jobs report, creating uncertainty over the health of the labour market data and other critical indicators," Chintan Mehta, Chief Executive Officer of Abans Financial Services, said.
According to Mehta, recent months have seen precious metal prices continue their unprecedented rise, influenced by persisting US economic concerns and underwhelming employment statistics.
Renisha Chainani, Head of Research at Augmont, noted that in international markets, gold prices have witnessed a 50 per cent increase, whilst silver prices have shown a 65 per cent rise this year.
"2025 has been the year of uncertainties - it started with political uncertainty, then tariff uncertainty, geopolitical uncertainty, rate cut uncertainty and now US shutdown uncertainty. All these factors have supported bullion prices to rise phenomenally this year on safe-haven demand," Chainani said.
She further explained that several factors contributed to increased gold demand as a hedging instrument, including a declining dollar, substantial central bank acquisitions, heightened interest in gold-backed exchange-traded funds, and increased participation from retail investors.
According to Manav Modi, Analyst - Precious Metal Research at Motilal Oswal Financial Services, market participants will be keenly observing specific indicators this week, including the Federal Open Market Committee meeting minutes and Federal Reserve chair Jerome Powell's address on Thursday.
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