Why Are Gold and Silver Prices Soaring to Record Heights?
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Synopsis
On October 13, gold and silver prices surged to record highs, driven by global trends and geopolitical tensions. As investors seek safe-haven assets amid rising uncertainty, the market witnesses unprecedented movements. Discover the implications of this rally and what it means for the future of precious metals.
Key Takeaways
- Gold and silver prices have reached all-time highs.
- The increase is driven by geopolitical tensions.
- Investors are seeking safe-haven assets.
- Futures market reflects strong bullish trends.
- Continued monitoring of market movements is essential.
Mumbai, Oct 13 (NationPress) Gold and silver prices experienced an extraordinary surge on Monday, with both precious metals reaching unprecedented highs in both domestic and global markets.
As reported by the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold skyrocketed by Rs 2,630, achieving an all-time high of Rs 1,24,155, compared to Rs 1,21,525 on Friday. In a similar fashion, 22-carat gold rose to Rs 1,13,726 per 10 grams from Rs 1,11,317, while 18-carat gold increased to Rs 93,116 from Rs 91,144 per 10 grams.
Silver mirrored this trend, registering a significant jump of Rs 10,825 to reach Rs 1,75,325 per kg - a new record, compared to Rs 1,64,500 in the previous session.
The bullish momentum also extended into the futures market. On the Multi-Commodity Exchange (MCX), gold futures for the delivery date of December 5, 2025, surged by 2.21 percent to Rs 1,24,043, while silver futures for the same date increased by 4.39 percent to Rs 1,52,900.
On the international front, both metals recorded substantial gains on Comex. Gold prices rose by 2.50 percent to $4,100 per ounce, while silver climbed 5.88 percent to $50.02 per ounce.
This robust uptrend across markets has prompted bullion traders and investors to closely monitor further price fluctuations amid the ongoing global rally.
"Gold prices opened with a significant gap up of Rs 2,000, trading above Rs 1,23,200 per 10 grams, as renewed US-China trade tensions have reignited safe-haven demand. The US administration’s announcement of a 100 percent tariff hike on selected Chinese products, coupled with China's warning to limit rare earth exports, has intensified global uncertainty and risk aversion," stated Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities.
"This geopolitical strain, along with persistent demand from investors seeking security, continues to keep gold’s forecast optimistic," he added.
Point of View
It is crucial to navigate the current surge in gold and silver prices with an unbiased lens. The unprecedented highs in precious metals reflect not only market dynamics but also global uncertainties. We must continue to provide accurate information to our audience, emphasizing the need for informed investment decisions amidst these volatile trends.
NationPress
13/10/2025
Frequently Asked Questions
What caused the recent spike in gold and silver prices?
The surge in prices is largely attributed to renewed US-China trade tensions and increased safe-haven demand from investors amidst global uncertainties.
How did domestic prices compare to international prices?
Domestic prices for gold and silver have reached record highs, closely mirroring international market trends, where gold and silver have also seen significant increases.
What are the current prices for gold and silver?
As of October 13, 2023, 24-carat gold is priced at Rs 1,24,155 per 10 grams, while silver is at Rs 1,75,325 per kg.
What should investors consider in this market?
Investors should monitor geopolitical developments and market trends, as these factors are crucial in determining future price movements.
Is this a good time to invest in gold and silver?
Given the current price surge and market conditions, investors should carefully evaluate their options and consider their risk tolerance before investing.
