According to the All India Sarafa Association, the yellow metal of 99.9 percent purity was closed at RS 1.20,600 per 10 grams on Friday.
In the local Bullivenmarkt, gold of 99.5 percent purity jumped with RS 2,700 to reach a record high of RS 1.22,700 per 10 grams (including all taxes) on Monday. It was regularly at RS 1.20,000 per 10 grams in the previous market session.
“Gold reached a new record high on Monday, because investors still prefer precious metal despite this record -high price. They expect further profit in precious metal that is supported by favorable foundations and a strong bullish momentum,” said Saumil Gandhi, senior analysts at HDFC Securities.
Gandhi noted that concern about a long -term closure of the US government that may influence economic performance, support the demand for safe port metal.
Silver prices also witnessed robust winnings. The white metal bounced with RS 7,400 to hit a new peak of RS 1.57,400 per kilogram (including all taxes). It ended on RS 1.50,000 per kg on Friday, according to the association.
Silver prices have risen with RS 67,700 or 75.47 percent in the current calendar year and collect RS 89,700 per kg on December 31, 2024.
In the international markets, Spot increased almost 2 percent to touch a record high of USD 3,949.58 per ounce, while Silver rose more than 1 percent to hit a peak of USD 48.75 per ounce.
“Spot applied extended profits and rose for the first time above USD 3,940 per first time when the closure of the US government starts its sixth day, after the failure of the Senate to accept financing accounts on Friday,” said Kaynat Chainwala, AVP Commodity Research at Kotak Securities.
In the meantime, gold and silver futures have also hit their new peaks on the domestic futures market on Monday.
The yellow metal futures for the delivery of December jumped with RS 1,962 or 1.66 percent to reach a record high of RS 1.20.075 per 10 grams on the Multi -Commodity exhibition (MCX).
The February 2026 contract for Golden Futures appreciated by RS 2,047 or 1.71 percent to touch a new peak of RS 1.21.380 per 10 grams.
“Gold werd positief verhandeld met scherpe winst om een ​​​​record Rs 1,20.000 per 10 gram-mark te behalen, omdat Comex Gold zijn rally uitbreidde boven USD 3.900 per ounce. De lopende feestelijke vraag en wereldwijde sentiment-gedreven rally blijven prijzen ondersteunen, terwijl roepie zwakte de binnenlandse sterkte toevoegt,” Jates Trenedi, VP Reseadi, VP Reseadi, VP Research-VP research analysts community and currency at LKP, said.
Silver also witnessed profit on the MCX. The white metal futures for the delivery of December bounced RS 2,233 or 1.53 percent to register RS ​​1.47.977 per kilogram.
The March 2026 contract for Silver Futures jumped RS 2,337 or 1.59 percent to reach a lifelong height of RS 1.49.605 per kg at the raw material fair.
Worldwide Gold Futures climbed for the delivery of December to hit a record high of USD 3,973.60 per ounce. Silver Futures for the delivery of December also reached a highlight of USD 48.58 per ounce.
“The closure (of the US government) has delayed the release of important economic data, including the job report of September, which creates uncertainty about the health of the labor market data and other critical indicators,” said Chintan Mehta, Chief Executive Officer of Abans Financial Services.
Mehta added that the prices for precious metal have extended their historic meeting in recent months, driven by continuous concerns about the American economy and disappointing employment data.
Renisha Chainani, head of research at Augmont, said that gold prices have risen by 50 percent this year, while Silver has risen 65 percent in international markets this year.
“2025 has been the year of uncertainties – it started with political uncertainty, subsequent tariff uncertainty, geopolitical uncertainty, interest rate reduction uncertainty and now American uncertainty. All these factors have supported the prizes for the no -innovality this year to rise phenomenally on the safe demand of the safe haven,” Chainani said.
She added that a weaker dollar, robust purchases from Central Bank, the increasing demand for gold -supported listed funds and growing interest rates of retail investors from retail investors, the demand for gold as a cover directly stimulated.
This week, investors will keep a close eye on certain market indicators, such as meetings of the Federal Open Market Committee Minutes and Fed Reserve chairman Jerome Powell’s speech on Thursday, said Manav Modi, analyst – precious metal research at Motilal Oswal Financial Services.
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