Mon Oct 06 09:50:00 UTC 2025: **Gold and Silver Prices Soar to Record Highs Amid Global Uncertainty**
**Mumbai, October 6** – Gold and silver prices surged to unprecedented levels in intraday trading today, driven by robust spot market demand ahead of Diwali and buoyed by positive global cues. MCX Gold December futures hit a new high of ₹1,19,979 per 10 grams, while MCX Silver December contracts peaked at ₹1,47,888 per kg.
Around 1 pm, MCX Gold December contracts were trading 1.23% higher at ₹1,19,560 per 10 grams, while MCX Silver was up 1.30% at ₹1,47,639 per kg.
Internationally, gold prices surpassed the $3,900-an-ounce mark for the first time, fueled by safe-haven demand amidst a potential US government shutdown. Expectations of further rate cuts by the US Federal Reserve are also contributing to the rally.
Spot gold prices in India have already jumped over 50% this year. Analysts attribute the surge to a confluence of factors, including uncertainty surrounding US trade and immigration policies, which have raised concerns about global economic growth.
“Gold and silver may remain on an upward trajectory amid global uncertainty, US Fed rate cut expectations and the dollar’s weakness,” said Anuj Gupta, a SEBI-registered analyst, forecasting prices to potentially reach ₹1,20,000 per 10 grams for gold and ₹1,50,000 per kg for silver on the MCX by the end of 2025.
Tata Mutual Fund suggests investors consider allocating gold and silver in a 50:50 ratio.
Prithvifinmart Commodity Research’s Manoj Kumar Jain recommends buying gold around ₹1,17,700 with a stop loss of ₹1,16,850 and silver around ₹1,44,400 with a stop loss of ₹1,42,700, targeting higher prices.
Analysts advise investors to remain invested and consider accumulating on any price dips triggered by short-term market fluctuations, highlighting gold’s role as a hedge against inflation, geopolitical uncertainty, and currency depreciation. However, investors are advised to consult with financial experts before making any investment decisions.
First Piper 