Thu Oct 09 04:00:00 UTC 2025: Here’s a news article summarizing the provided text:
**Gold and Silver Prices Soar to Record Highs Amid Global Uncertainty**
**New Delhi, India – October 9, 2025** – Gold and silver prices have skyrocketed to unprecedented levels, fueled by global geopolitical uncertainties and a weakening U.S. economy. The surge marks a significant shift in investor behavior, with a clear flight to safe-haven assets.
According to the India Bullion and Jewellers Association (IBJA), as of Thursday morning, 24-carat gold reached ₹1,22,098 per 10 grams, while silver surged to ₹1,52,700 per kilogram. In Delhi’s Sarafa market, gold prices jumped ₹2,600 to reach an all-time high of ₹1,26,600 per 10 grams. Silver prices also saw a substantial increase, climbing ₹3,000 to nearly match their record high at ₹1,57,000 per kilogram (inclusive of all taxes).
The rally extends to the global market, where spot gold surged nearly 2% to reach a record high of $4,049.59 per ounce, surpassing the $4,000 mark for the first time. Spot silver also rose by over 2% to $48.99 per ounce.
Analysts attribute this surge to several factors, including the ongoing U.S. government shutdown, increasing geopolitical tensions, and expectations of future interest rate cuts by the Federal Reserve. Kaynat Chainwala, AVP Commodity Research at Kotak Securities, noted that concerns surrounding the U.S. economy and the government shutdown have driven investors towards safe-haven assets like gold.
The Multi Commodity Exchange (MCX) also reflected this trend, with gold futures for December delivery reaching a record high of ₹1,22,220 per 10 grams. Similarly, silver futures for December delivery soared to ₹1,48,179 per kilogram.
Investors are closely monitoring the situation, with all eyes on further developments in the U.S. and global markets, which are expected to continue influencing the precious metals’ price trajectory.
First Piper 