Tue Oct 14 04:00:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
**Gold and Silver Prices Soar to Record Highs Ahead of Dhanteras and Diwali**
**New Delhi, India** – Gold and silver prices are reaching unprecedented heights in domestic futures trading, fueled by international market trends and escalating geopolitical tensions, just as the auspicious festivals of Dhanteras and Diwali approach. On Tuesday, October 14th, both precious metals hit new peaks on the Multi Commodity Exchange (MCX).
The surge is partly attributed to growing trade friction between the United States and China. Concerns arose after the U.S. hinted at imposing 100% additional tariffs on Chinese goods starting November 1st, while China is considering imposing export controls on rare earth elements. Simultaneously, ongoing expectations of interest rate cuts by the U.S. Federal Reserve are driving demand for gold as a safe haven asset. The ongoing U.S. government shutdown, now in its 13th day, adds another layer of uncertainty, threatening the American economy.
On the MCX, December gold futures surged by ₹2,301, or 1.84%, to reach a new peak of ₹1,26,930 per 10 grams. February 2026 contracts also saw a significant jump, climbing ₹2,450, or 1.94%, to a record ₹1,28,220 per 10 grams.
“New tensions in the US-China trade relationship have increased uncertainty, driving gold prices to record highs due to increased demand for safe investment. The possibility of interest rate cuts by the Federal Reserve has also supported gold prices,” said Manav Modi, Analyst (Precious Metals) at Motilal Oswal Financial Services, according to PTI.
Silver also mirrored gold’s upward trajectory, setting new records. December silver futures on the MCX skyrocketed by ₹8,055, or 5.2%, to an all-time high of ₹1,62,700 per kilogram. March 2026 contracts jumped even further, rising ₹9,257, or 6%, to a new peak of ₹1,63,549 per kilogram.
**International Markets See Parallel Surge**
The international market also saw gold and silver futures reach record highs on Tuesday. December gold futures on COMEX rose by more than 1% to a record high of $4,190.67 per ounce. December silver futures rose 4% to a record high of $52.49 per ounce.
**Analysts Weigh In**
Analysts point to a combination of factors driving the precious metal rally. “Gold prices have increased by 60 percent so far this year and crossed the important level of $4,100 for the first time on Monday,” explained Modi. “Geopolitical tensions, economic uncertainties, expectations of interest rate cuts, good purchases by central banks and good investments in exchange traded funds (ETFs) have accelerated it.” He added, “Silver is also rising continuously and has crossed the record level of $52 per ounce on COMEX. Due to the huge shortage of supply in the global market, the premium has been affected and prices have been supported.”
Investors are now closely watching for comments from Federal Reserve Chairman Jerome Powell at the National Association for Business Economics (NABE) annual meeting, hoping for insights into the central bank’s future direction regarding interest rate cuts, according to Jigar Trivedi, Senior Research Analyst at Reliance Securities.
As Dhanteras and Diwali approach, consumers planning to purchase gold jewelry are advised to carefully consider the varying purities (14, 18, or 22 carats) to make informed decisions based on their individual needs and preferences.
First Piper 