On the Multi Commodity Exchange (MCX), gold futures for December supply climbed ₹982, or 0.77%, to ₹1,27,990 per 10 grams in a enterprise turnover of 14,913 tons.
The yellow steel had surged to an all-time excessive of ₹1,32,294 per 10 grams on Friday (October 17, 2025) earlier than settling at ₹1,27,008 per 10 grams, snapping a five-day rally.
The February 2026 contract for gold additionally superior ₹1,680 or 1.31%, to ₹1,29,743 per 10 grams in 1,862 tons. It had touched a recent peak of ₹1,34,024 per 10 grams within the earlier market commerce.
Last week, gold futures rose by ₹5,644, or 4.65%, reflecting robust investor sentiment.
Silver futures, too, joined the restoration. The white steel for December supply rallied by ₹1,522 or 0.97% to ₹1,58,126 per kilogram in a enterprise turnover of 23,985 tons. It had touched an all-time excessive of ₹1,70,415 per kg on the MCX.
The March 2026 contract elevated by ₹1,292 or 0.82% to ₹1,59,361 per kg in 5,787 tons. It had scaled a lifetime excessive of ₹1,72,350 per kilogram within the earlier commerce.
Over the previous week, silver costs have risen ₹10,138, or 6.92%, supported by industrial demand and protracted provide constraints.
Analysts mentioned safe-haven demand stays resilient amid heightened geopolitical tensions, world trade-related uncertainties, and issues over a protracted US authorities shutdown.
In the worldwide markets, each gold and silver witnessed renewed shopping for after a short correction. On the Comex, gold futures for December supply superior by $62.46, or 1.48%, to $4,275.76 per ounce after touching an all-time excessive of $4,392 per ounce on Friday (October 17, 2025).
“Gold has surged more than 65% so far this year, buoyed by a potent mix of central-bank buying, robust ETF inflows, and aggressive positioning on expectations of US monetary easing,” Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services, mentioned.
She added that the weakening greenback and hypothesis that the US Federal Reserve might announce an outsized fee lower earlier than year-end have strengthened the outlook for bullion.
“Silver has also gained substantially, though ETF inflows into the white metal have started to plateau, suggesting some fatigue in that segment,” Mr. Singh mentioned.
Silver futures on Comex rose 1.50% to $50.85 per ounce after a unstable week by which the steel had hit a report of $53.76 per ounce earlier than sliding 6% in its sharpest fall in six months.
According to commodities market specialists, final week’s correction was triggered by easing fears over U.S. credit score circumstances and indicators of enchancment in commerce relations between Washington and Beijing, which diminished rapid safe-haven demand.
Investment sentiment additionally improved after U.S. President Donald Trump’s remarks helped ease commerce tensions, whereas upbeat earnings from regional banks lifted equities and Treasury yields, weighing on gold’s safe-haven enchantment.
Despite corrections, an professional mentioned, “The broader outlook for bullion remains positive. They expect gold and silver to stay supported in the coming weeks on continued geopolitical uncertainty, central bank buying, and expectations of further monetary easing by the US Federal Reserve.”
Leave a Comment