Spot gold prices in India have risen by more than 50 since the beginning of the year.(Image-Canva)
Hyderabad: Gold and silver prices surged to all-time highs on Monday, driven by strong festive demand, growing global economic concerns, and expectations of a rate cut by the US Federal Reserve.
The spike in precious metal prices comes as investors seek safe-haven assets amid fears of a potential US government shutdown, uncertainties surrounding former President Donald Trump’s policy stances, and rising geopolitical tensions.
At the Multi Commodity Exchange (MCX), gold futures for December delivery touched a new peak of ₹1,19,928 per 10 grams. Similarly, silver December contracts climbed to ₹1,47,700 per kilogram — marking the highest levels ever recorded.
Spot gold prices in India have risen by more than 50% since the beginning of the year. Internationally, gold crossed the $3,900 per ounce mark for the first time, further signalling the metal’s growing appeal in turbulent times.
Gold and Silver Prices in Hyderabad – 6 October
Gold Bullion: ₹1,19,570 per 10 grams
MCX Gold (December): ₹1,19,625 per 10 grams
Silver Bullion: ₹1,47,220 per kilogram
MCX Silver 999 (December): ₹1,47,173 per kilogram
Gold and Silver Shine as Safe-Haven Assets
Market analysts say gold and silver continue to be preferred investment options during uncertain times. They offer a hedge against inflation and currency fluctuations, making them attractive to risk-averse investors.
Over the past two decades, gold has seen a remarkable increase of nearly 1,200%, climbing from ₹7,638 in 2005 to over ₹1,00,000 by mid-2025. The yellow metal has delivered positive returns in 16 of those 20 years. So far in 2025, it has gained 31% on a year-to-date basis, securing its place as one of the best-performing assets this year.
Silver has also held strong. It has consistently traded above ₹1 lakh per kilogram in recent months. From 2005 to 2025, silver prices have jumped by approximately 669%, highlighting its long-term value.
