Gold and silver prices created history on Friday. In the domestic market, gold jumped by ₹572 to touch a fresh record of ₹1,09,553 per 10 grams, while silver surged by a massive ₹1,668 to ₹1,30,000 per kg for the first time.
Experts say the sharp rise is due to strong global trends, high investor demand, and safe-haven buying amid economic and geopolitical uncertainties.
📈 Gold Prices on MCX
October gold futures on MCX rose by ₹572 (0.52%) to ₹1,09,553 per 10 grams.
December gold futures climbed by ₹593 (0.54%) to ₹1,10,640 per 10 grams.
📈 Silver Prices on MCX
March silver futures jumped by ₹1,668 (1.3%) to an all-time high of ₹1,30,000 per kg.
Analysts say demand from solar, EVs, and electronics is tightening supply, supporting silver’s rally.
🌍 Global Gold-Silver Market
On Comex, gold futures for December delivery rose $20.40 (0.56%) to $3,694/oz, close to their record $3,715.20/oz.
Global silver futures for December delivery surged 1.52% to $42.79/oz, marking a 14-year high.
💡 Why Prices Are Rising
Weak US economic data strengthened expectations of interest rate cuts by the Federal Reserve.
Geopolitical tensions in West Asia and Ukraine, along with G7 tariff pressures on India & China, spurred safe-haven buying.
👉 Experts believe gold and silver could see further upside if global uncertainties persist.
