Mon Dec 01 04:00:00 UTC 2025: ## Gold and Silver Prices Surge to New Heights in India
Mumbai, India – Gold and silver prices are experiencing a dramatic surge in the Indian market, with silver reaching a new all-time high on Monday. On the Multi Commodity Exchange (MCX), silver prices jumped over ₹3,500 at the open, fueled by strong investor demand. Gold futures also saw significant gains, rising by more than ₹1,200.
Silver opened at ₹1,76,452 per kg on the MCX, compared to its previous close of ₹1,74,981. Within the first 15 minutes of trading, prices soared to a record high of ₹1,78,489 per kg, representing an increase of ₹3,508 per kg.
Gold prices followed suit, with the February expiry contract trading at ₹1,30,794 per 10 grams at the open. This marks a significant increase from the previous closing price of ₹1,29,504, reflecting a gain of ₹1,290 per 10 grams.
Despite the recent surge, gold prices remain below their all-time high of ₹1,34,024 per 10 grams on the MCX.
In the domestic market, according to the Indian Bullion Jewelers Association (IBJA), 24 Karat Gold closed at ₹1,26,591 per 10 grams on Friday. Silver closed at ₹1,64,359 per kg. These rates are uniform across the country, however, customers should note that prices increase once GST and manufacturing costs are added when purchasing jewelry.
The surge in precious metal prices reflects ongoing economic uncertainty and their safe-haven status amidst global market volatility. Investors are closely monitoring market developments for further price movements.
First Piper 