On the Multi Commodity Exchange (MCX), gold futures for December supply appreciated by ₹1,447 or 1.22% to a lifetime excessive of ₹1,19,560 per 10 gm.
Extending features for the seventh consecutive session, the February 2026 contract superior ₹1,512, or 1.27% to scale a file ₹1,20,845 per 10 gm. Last week, the yellow metallic futures had surged ₹3,222 per 10 gm or 2.8%.
Gold costs bounce ₹535 to file ₹1,17,800/10g on U.S. govt shutdown, Fed minimize hopes
“Physical demand for gold remained mixed, with softness in China offset by steady buying in other Asian markets, anticipating further price gains. SPDR holdings reflected investor interest, rising notably over last week,” stated Manav Modi, Analyst, Precious Metal Research at Motilal Oswal Financial Services. SPDR Gold Shares is the world’s largest commodity-backed exchange-traded fund.
Silver futures additionally witnessed strong traction on Monday (October 6, 2025). The white metallic for December supply jumped ₹1,956 or 1.34% to a contemporary peak of ₹1,47,700 per kilogram. The March 2026 contract for silver futures rallied ₹2,053 or 1.39% to ₹1,49,321 per kg. Silver futures additionally witnessed a robust rally final week. It had bounced by ₹3,855 per kg or 2.72%.
Analysts stated the Budget deadlock in Washington, which has stalled key federal programmes and delayed the discharge of crucial financial information, has intensified danger aversion and pushed buyers in direction of valuable metals.
“Gold prices hit record highs, driven by strong demand amid the ongoing U.S. Government shutdown, which has delayed the release of key economic data. Despite a nearly 50% rally in 2025 so far, investors continue to favour gold as uncertainty lingers,” stated Aksha Kamboj, vice-president, India Bullion and Jewellers Association and government chairperson, Aspect Global Ventures.
On the worldwide entrance, Comex gold futures for December supply surged 1.2% to a file $3,957.90 per ounce, whereas silver futures superior greater than 1% to $48.47 per ounce, their highest since April 2011.
“Silver climbed above $48.3 per ounce as the ongoing U.S. Government shutdown and expectations of further Federal Reserve rate cuts boosted demand for safe-haven assets. Lawmakers once again failed to secure a funding deal, delaying key major data releases, including September’s jobs report,” stated Jigar Trivedi, Senior Research Analyst at Reliance Securities.
Mr. Trivedi added that market members are actually nearly absolutely pricing in a quarter-point Fed charge minimize this month and one other in December. Investors will carefully monitor remarks from Fed Governor Stephen Miran on Wednesday (Octobe 8, 2025), the discharge of Federal Open Market Committee (FOMC) minutes, and Chair Jerome Powell’s speech on Thursday (October 9, 2025) for additional coverage alerts.
“Beyond macro factors, silver drew support from tightening supply conditions, with the Silver Institute projecting a global market deficit for a fifth consecutive year in 2025,” he stated.
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