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Gold prices surged by ₹2,442 to interaction an all-time precocious of ₹1,32,294 per 10 grams successful the home futures commercialized connected Friday (October 16, 2025), driven by safe-haven request arsenic investors weighed deepening planetary economical uncertainties and expectations of monetary easing by the U.S. Federal Reserve.
On the Multi Commodity Exchange (MCX), the yellowish metallic futures for December transportation accrued by ₹2,442, oregon 1.88%, to deed a beingness precocious of ₹1,32,294 per 10 grams.
Similarly, the February 2026 declaration for golden futures rallied by ₹2,927, oregon 2.23%, to deed a caller highest of ₹1,34,024 per 10 grams, marking its sixth consecutive league of gains.
“Gold prices proceed to surge, reaching caller grounds highs arsenic concerns astir a imaginable recognition situation successful the U.S. outweigh optimism implicit a apt betterment successful U.S.-Russia relations. A weaker U.S. dollar and expectations of involvement complaint cuts by the Federal Reserve are besides supporting the rally,” Darshan Desai, Chief Executive Officer of Aspect Bullion & Refinery, said.
Silver excessively joined the rally, scaling caller peaks connected the MCX. The achromatic metallic for December transportation jumped by ₹2,752, oregon 1.64%, to deed a grounds of ₹1,70,415 per kilogram.
The March 2026 declaration for metallic extended gains for the 5th consecutive league by bouncing ₹3,274, oregon 1.93%, to scope an all-time precocious of ₹1,72,350 per kg connected the commodities bourse.
In the planetary markets, Comex futures surged sharply arsenic well. The yellowish metallic for December transportation gained $71.09, oregon 1.65%, to $4,375.69 per ounce connected Friday (October 17, 2025), aft breaching the $4,300 per ounce level a time earlier. It aboriginal touched an intraday grounds precocious of $4,391.69 per ounce.
“Gold breached the $4,300 per ounce people for the archetypal clip ever. The continuous travel of safe-haven buying and beardown method momentum are driving some metals higher. The sustained bullish sentiment has sidelined marketplace bears, highlighting the beardown upward bias successful some metals,” said Rahul Kalantri, Vice-President of Commodities astatine Mehta Equities Ltd.
Jigar Trivedi, Senior Research Analyst astatine Reliance Securities, said, “The yellowish metallic is connected way for a crisp play advance, the strongest successful the existent nine-week rally, arsenic investors sought information amid heightened economical uncertainties.”
On the different hand, Comex metallic futures for December transportation traded marginally higher astatine $53.38 per ounce, aft hitting a grounds of $53.76 per ounce successful the erstwhile marketplace session.
Mr. Trivedi added that bullion repeatedly deed caller highs this week, driven by renewed U.S.-China commercialized tensions and concerns implicit the ongoing U.S. authorities shutdown.
“The precious metallic was further supported by Federal Reserve Chair Jerome Powell’s caller remarks, which pointed to signs of a weakening labour market, starring investors to astir afloat terms successful a 25 ground constituent chopped aboriginal this month, with different apt successful December. Gold has present surged much than 65% truthful acold this year, bolstered by cardinal slope purchases, exchange-traded money (ETF) inflows, and beardown request for harmless assets,” helium added.
