Gold and Silver Prices Hit Record Highs As Demands Soar

New Delhi, October 14, 2025: Gold and silver prices scaled new highs in domestic futures markets on Tuesday, in keeping with global cues. Rising US-China trade tensions and hopes of US Federal Reserve rate cuts fueled safe-haven demand.

Gold Futures Hit New Highs

On the Multi Commodity Exchange (MCX), December delivery of gold futures rose ₹2,301 (1.84%) to ₹1,26,930 per 10 grams, while February 2026 rose ₹2,450 (1.94%) to ₹1,28,220 per 10 grams. Abroad, Comex gold for December delivery rose more than 1% to USD 4,190.67 per ounce, driven by high overseas demand.

Silver Prices Jump to Lifetime High

Silver followed gold’s rally, with MCX futures for December settlement jumping ₹8,055 (5.2%) to ₹1,62,700 per kilogram, and the March 2026 rising ₹9,257 (6%) to ₹1,63,549 per kilogram. Silver for December delivery in international trade rose to USD 52.49 per ounce, surpassing the USD 52 level due to a shortage of supply.

Geopolitical and Economic Drivers

The rush into precious metals occurred after China announced plans to broaden the controls on rare-earth exports, raising US threats to impose 100% tariffs on imports and export restrictions on software made in the US from November 1. Market sentiment was further weighed down by the US federal government shutdown, now in its 13th day.

Investors are watching closely for cues on future monetary policy in comments by Federal Reserve Chairman Jerome Powell at the NABE conference. With raised geopolitical and economic uncertainties, gold and silver prices will continue to be high in the short term.

REF:https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/

https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations