Gold prices saw a significant jump of ₹2,700 on Monday, reaching a record high of ₹1,23,300 per 10 grams for the first time. Silver prices also surged by ₹7,400, hitting an all-time high of ₹1,57,400 per kilogram. This rally was driven by the US Federal Reserve's potential interest rate cuts and increased demand for safe-haven investments.
Gold price today: On Monday, October 7, 2025, a b surge was observed in gold and silver prices in both domestic and international markets. In domestic futures trading, 99.9% pure gold rose by ₹2,700 to reach a record level of ₹1,23,300 per 10 grams, while 99.5% gold closed at ₹1,22,700 per 10 grams. Silver prices also increased by ₹7,400, reaching an all-time high of ₹1,57,400 per kilogram. According to analysts, the main reasons for this rally are the potential interest rate cuts by the US Federal Reserve, global geopolitical tensions, and the rising demand for safe-haven investments.
New Gold Record in Domestic Market
According to the All India Sarafa Association, 99.9 percent pure gold had closed at ₹1,20,600 per 10 grams on Friday. On Monday, this price increased by ₹2,700, reaching ₹1,23,300 per 10 grams. Similarly, the price of 99.5 percent pure gold also saw a rise of ₹2,700, reaching ₹1,22,700 per 10 grams (all taxes included). In the previous trading session, it had closed at ₹1,20,000 per 10 grams.
Analysts state that investors are being drawn towards safe-haven assets due to the potential interest rate cuts by the US Federal Reserve and global economic uncertainties. This is precisely why a significant surge in gold prices has been observed.
Silver Prices Also Surge
Alongside gold, silver prices also witnessed a rocket-like surge. The white metal, silver, rose by ₹7,400 on Monday, reaching a new all-time high of ₹1,57,400 per kilogram (all taxes included). On Friday, silver prices had closed at ₹1,50,000 per kilogram. Due to this rally, investors' attention is now also focused on silver.
Trends in International Market
In international markets, gold and silver prices also showed a continuous upward trend. Spot gold increased by nearly 2 percent, reaching an all-time high of $3,949 per ounce. Similarly, silver rose by more than 1 percent, reaching a peak of $48.75 per ounce. This indicates a growing demand among global investors for safe-haven assets.
Latest Gold Rates on MCX
Gold futures prices on the Multi Commodity Exchange (MCX) are also continuously rising. December-delivery gold futures gained ₹1,962 or 1.66 percent, reaching a record level of ₹1,20,075 per 10 grams. Similarly, the rally in the February 2026 contract continued for the seventh consecutive session, increasing by ₹2,017 or 1.69 percent, to reach a new peak of ₹1,21,350 per 10 grams.
Last week, gold futures prices registered a gain of ₹3,222 per 10 grams or 2.8 percent. Thus, gold has maintained its upward trend for the third consecutive week.
Rising Demand for Safe-Haven Investments
Experts believe that investors are turning to safe-haven assets amid the potential interest rate cuts by the US Federal Reserve and global economic uncertainties. Furthermore, global geopolitical tensions and trade instability are also making investments in gold and silver attractive.
