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**Gold and Silver Prices Soar to Unprecedented Highs Amid Global Uncertainty**

**New Delhi, October 9, 2025** – Gold and silver prices have reached record highs in India, mirroring a global surge driven by geopolitical uncertainty and economic concerns. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold reached ₹1,22,570 per 10 grams by Thursday afternoon, while silver climbed to ₹1,54,100 per kilogram.

In Delhi’s Sarafa market, gold prices rose for the third consecutive day, reaching an all-time high of ₹1,26,600 per 10 grams, a jump of ₹2,600, according to the All India Sarafa Association. Silver prices also surged, nearing their record high at ₹1,57,000 per kilogram, an increase of ₹3,000. These prices include all taxes.

Globally, spot gold prices surged by nearly 2% to reach a record $4,049.59 per ounce, while spot silver jumped by over 2% to $48.99 per ounce. This marks the first time gold has surpassed the significant $4,000 per ounce level.

Analysts attribute the surge to several factors, including the ongoing U.S. government shutdown, geopolitical tensions, and expectations of potential interest rate cuts by the Federal Reserve. These factors have fueled investor demand for safe-haven assets like gold and silver.

“Safe-haven demand amid concerns over the U.S. economy and government shutdown pushed spot gold above the key $4,000 per ounce level for the first time,” stated Kaynat Chainwala, AVP Commodity Research at Kotak Securities, as reported by PTI. Chainwala also cited geopolitical tensions in Ukraine, political instability in France and Japan, and rising expectations of Federal Reserve interest rate cuts amidst ongoing data blackout as supportive factors.

The surge has also been reflected in futures trading. On the Multi Commodity Exchange (MCX), gold futures for December delivery rose to ₹1,22,220 per 10 grams, while February 2026 contracts reached ₹1,23,469 per 10 grams. Silver futures for December delivery climbed to ₹1,48,179 per kilogram, and March 2026 contracts hit ₹1,50,000 per kilogram.

Analysts advise investors to carefully monitor market developments as prices remain volatile and subject to global economic and political influences. Updates on the daily prices of 24, 23, 22, 18 and 14 carat gold will continue to be provided by IBJA.

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