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Gold Prices Reach All-Time High Amid Global Economic Turmoil
13 Oct
Summary
- Gold futures hit a record of ₹1,23,977 per 10 grams
- Silver futures also surged, nearing lifetime high of ₹1,54,959 per kg
- Uncertainty around US-China trade tensions and government shutdown driving safe-haven demand
On October 14, 2025, gold prices in India's domestic futures market reached a record high, with the December delivery contract jumping by ₹2,613 or 2.15% to hit ₹1,23,977 per 10 grams. The February 2026 contract for gold also appreciated, trading near its lifetime peak of ₹1,24,999 per 10 grams.
The surge in gold prices was fueled by a combination of factors, including renewed US-China trade tensions and the ongoing US government shutdown, which have contributed to growing global economic uncertainty. These developments have spurred safe-haven demand for precious metals, driving up prices.
Silver futures also witnessed strong traction on Monday, with the December delivery contract surging by ₹5,856 or 4% to ₹1,52,322 per kilogram on the Multi Commodity Exchange (MCX). The March 2026 silver futures contract also soared, nearing its record high of ₹1,54,959 per kg reached last week.
Experts believe that the upcoming Diwali festival in India may also boost gold demand, as festive buyers return to the market. Additionally, the Federal Reserve's expected interest rate cuts this year are likely to further support the safe-haven appeal of precious metals.
