Gold costs skyrocketed by ₹2,700 to scale a contemporary peak of ₹1,23,300 per 10 g within the nationwide capital on Monday (October 6, 2025), lifted by safe-haven shopping for within the abroad markets.

According to the All India Sarafa Association, the yellow steel of 99.9% purity had closed at ₹1,20,600 per 10 g on Friday (October 3, 2025).

In the native bullion market, gold of 99.5% purity jumped by ₹2,700 to hit a file excessive of ₹1,22,700 per 10 g (inclusive of all taxes) on Monday (October 6, 2025). It had settled at ₹1,20,000 per 10 g within the earlier market session.

“Gold reached a brand new file excessive on Monday (October 6, 2025) as traders nonetheless want bullion regardless of this file excessive worth. They are anticipating additional beneficial properties in bullion backed by beneficial fundamentals and powerful bullish momentum,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, stated.

Mr. Gandhi famous that considerations a few extended U.S. authorities shutdown probably impacting financial efficiency are supporting the demand for safe-haven steel.

Silver costs additionally witnessed sturdy beneficial properties. The white steel bounced by ₹7,400 to hit a brand new peak of ₹1,57,400 per kg (inclusive of all taxes). It had ended at ₹1,50,000 per kg on Friday (October 3, 2025), as per the affiliation.

Silver costs have soared by ₹67,700 or 75.47% within the present calendar 12 months, rallying from ₹89,700 per kg on December 31, 2024.

In the worldwide markets, spot gold rose almost 2% to the touch an all-time excessive of $3,949.58 per ounce, whereas silver went up over 1% to hit a excessive of $48.75 per ounce.

“Spot gold prolonged beneficial properties and surged above $3,940 per ounce for the primary time ever because the U.S. authorities shutdown enters its sixth day, following the Senate’s failure to go funding payments on Friday (October 3, 2025),” Kaynat Chainwala, AVP Commodity Research at Kotak Securities, stated.

Meanwhile, gold and silver futures additionally hit their contemporary peaks within the home futures market on Monday (October 6, 2025).

The yellow steel futures for December supply jumped by ₹1,962 or 1.66% to hit a file excessive of ₹1,20,075 per 10 g on the Multi Commodity Exchange (MCX).

The February 2026 contract for gold futures appreciated by ₹2,047 or 1.71% to the touch a contemporary peak of ₹1,21,380 per 10 g.

“Gold traded positively with sharp beneficial properties to hit a file ₹1,20,000 per 10 g-mark, as Comex gold prolonged its rally above $3,900 per ounce. The ongoing festive demand and world sentiment-driven rally proceed to assist costs, whereas rupee weak spot provides home energy,” Jateen Trivedi, V-P Research Analyst – Commodity and Currency at LKP Securities, stated.

Silver, too, witnessed beneficial properties on the MCX. The white steel futures for December supply bounced ₹2,233 or 1.53% to file ₹1,47,977 per kg.

The March 2026 contract for silver futures jumped ₹2,337 or 1.59% to hit a lifetime excessive of ₹1,49,605 per kg on the commodities bourse.

Globally, gold futures for December supply climbed to hit a file excessive of $3,973.60 per ounce. Silver futures for December supply additionally hit a excessive of $48.58 per ounce.

“The closure (of the U.S. authorities) has delayed the discharge of key financial information, together with September’s jobs report, creating uncertainty over the well being of the labour market information and different crucial indicators,” Chintan Mehta, Chief Executive Officer of Abans Financial Services, stated.

Mr. Mehta added that the dear steel costs have prolonged their historic rally in current months, pushed by ongoing considerations over the U.S. economic system and disappointing employment information.

Renisha Chainani, Head of Research at Augmont, stated gold costs have surged 50% this 12 months, whereas silver has surged 65% this 12 months within the worldwide markets.

“2025 has been the 12 months of uncertainties – it began with political uncertainty, then tariff uncertainty, geopolitical uncertainty, price reduce uncertainty and now U.S. shutdown uncertainty. All these components have supported bullion costs to rise phenomenally this 12 months on safe-haven demand,” Ms. Chainani stated.

She added {that a} weaker greenback, sturdy central financial institution purchases, rising demand for gold-backed exchange-traded funds, and rising curiosity from retail traders instantly boosted demand for gold as a hedge.

This week, traders will intently monitor sure market indicators similar to Federal Open Market Committee assembly minutes and Fed Reserve chair Jerome Powell’s speech on Thursday (October 9, 2025), Manav Modi, Analyst – Precious Metal Research at Motilal Oswal Financial Services, stated.

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