MCX Gold Eyes 8th Consecutive Quarterly Gain, Longest in 13 Years

Mumbai, September 12, 2025: The September quarter is shaping up to be the eighth in a row of gains for MCX Gold, the longest ever streak in over the past 13 years. Amid stock market instability and global uncertainty, the rally shows how investors are heading to gold as a safe haven.

Strong Performance in 2025

So far this year, this precious metal has risen close to 45%, putting it on course for one of the biggest yearly rallies ever seen. On MCX, gold prices crossed ₹1.09 lakh per 10 grams, breaking new records. This quarter itself, gold has advanced around 14%, building on the consistent rise of the past couple of years.

Global Drivers Boosting Safe-Haven Demand

Weakening equity sentiment and uncertainty over interest rates have driven more investors towards gold. Hopes of several Fed rate cuts are giving this precious metal an extra push. Ongoing geopolitical rifts are also prompting investors to seek safety in gold.

ETFs and Global Flows

Inflows into Gold Exchange Traded Funds (ETFs) have been robust in recent months. August extended this streak of positive flows into physically backed funds. Comparing year-to-date performance, the surge in demand has taken global ETF holdings almost back to record levels. The value of Assets under management (AUM) for gold ETFs now run into several hundred billion dollars.

Silver Joins the Rally

With the biggest jump in five quarters, Silver has also joined the uptrend, climbing nearly 18% during September quarter on MCX Silver. Supported by both safe haven buying and rising use in industries like electronics, solar and electric vehicles, Silver has risen roughly 44% so far this year.

Indian Market & Festive Season Outlook

Higher prices have reshaped gold buying patterns of consumers in India. More buyers are choosing to cash in on old ornaments, while policymakers are pushing wider hallmarking norms to make purchases more transparent and facilitate affordability. With the festive season nearing, it will prove to be a key in gauging demand, since jewellery sales are still price sensitive.

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