Gold bangles are displayed at a jewelry retailer in Mumbai | Photo Credit: Reuters
The treasured metallic has added ₹6,000 previously three days as international risk-aversion has prompted traders to hurry for protected haven belongings.
According to the All India Sarafa Association, gold of 99.9% purity had closed ₹700 increased at ₹1,24,000 per 10 grams on Tuesday (October 7), a day after registering a steep surge of ₹2,700 on Monday (October 6).
On Wednesday (October 7), the yellow metallic of 99.5% purity appreciated by ₹2,600 to the touch an all-time excessive of ₹1,26,000 per 10 grams (inclusive of all taxes) within the native bullion market.
It had settled at ₹1,23,400 per 10 grams within the earlier market session.
Analysts mentioned the continued U.S. authorities shutdown and rising international geopolitical tensions have fuelled the flows into the protected haven asset.
In addition, silver costs surged by ₹3,000 to commerce close to its file excessive at ₹1,57,000 per kilogram (inclusive of all taxes) on Wednesday. The white metallic had ended at ₹1,54,000 per kg on Tuesday (October 7).
The white metallic had hit a file excessive of ₹1,57,400 per kilogram on Monday (October 6).
In the abroad markets, bullion costs witnessed strong traction. Spot gold went up almost 2% to hit a file excessive of $4,049.59 per ounce.
“Spot gold climbed above the important thing $4,000 per ounce-mark for the primary time, pushed by safe-haven demand amid considerations concerning the U.S. economic system and the federal government shutdown.
“Geopolitical tensions in Ukraine, political instability in France and Japan, and rising expectations of Fed rate cuts amid ongoing data blackout also supported upside,” Kaynat Chainwala, AVP Commodity Research, Kotak Securities, mentioned.
Spot silver rose greater than 2% to hit a excessive of $48.99 per ounce within the international markets.
Published – October 08, 2025 06:01 pm IST
Leave a Comment