Gold price surges ₹2,600 to hit fresh peak of ₹1.26 lakh/10 g

Gold prices rallied for the 3rd consecutive time and gained ₹2,600 to deed a caller beingness precocious of ₹1,26,600 per 10 grams successful the nationalist superior connected Wednesday (October 8, 2025) successful enactment with beardown planetary trends amid looming geopolitical uncertainties triggered by the prolonged shutdown of the U.S. government.

The precious metallic has added ₹6,000 successful the past 3 days arsenic planetary risk-aversion has prompted investors to unreserved for harmless haven assets.

According to the All India Sarafa Association, golden of 99.9% purity had closed ₹700 higher astatine ₹1,24,000 per 10 grams connected Tuesday (October 7), a time aft registering a steep surge of ₹2,700 connected Monday (October 6).

On Wednesday (October 7), the yellowish metallic of 99.5% purity appreciated by ₹2,600 to interaction an all-time precocious of ₹1,26,000 per 10 grams (inclusive of each taxes) successful the section bullion market.

It had settled astatine ₹1,23,400 per 10 grams successful the erstwhile marketplace session.

Analysts said the ongoing U.S. authorities shutdown and rising planetary geopolitical tensions person fuelled the flows into the harmless haven asset.

In addition, metallic prices surged by ₹3,000 to commercialized adjacent its grounds precocious astatine ₹1,57,000 per kilogram (inclusive of each taxes) connected Wednesday. The achromatic metallic had ended astatine ₹1,54,000 per kg connected Tuesday (October 7).

The achromatic metallic had deed a grounds precocious of ₹1,57,400 per kilogram connected Monday (October 6).

In the overseas markets, bullion prices witnessed robust traction. Spot golden went up astir 2% to deed a grounds precocious of $4,049.59 per ounce.

"Spot golden climbed supra the cardinal $4,000 per ounce-mark for the archetypal time, driven by safe-haven request amid concerns astir the U.S. system and the authorities shutdown.

"Geopolitical tensions successful Ukraine, governmental instability successful France and Japan, and rising expectations of Fed complaint cuts amid ongoing information blackout besides supported upside," Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said.

Spot metallic roseate much than 2% to deed a precocious of $48.99 per ounce successful the planetary markets.