Gold price jumped by ₹2,700, reaching a new high of ₹1,23,300 per 10 g in the national capital on Monday, October 6, 2025. This increase was driven by safe-haven buying in overseas markets.
According to the All India Sarafa Association, the yellow metal with 99.9% purity closed at ₹1,20,600 per 10g on Friday, October 3, 2025. In the local bullion market, gold with 99.5% purity also rose by ₹2,700, hitting a record high of ₹1,22,700 per 10 g, including all taxes, on Monday. It had finished at ₹1,20,000 per 10g in the previous market session.
Gold price reach new record high
“Gold reached a new record high on Monday, October 6, 2025, as investors continue to choose bullion despite the high price. They expect further gains due to strong fundamentals and positive momentum,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
Mr. Gandhi pointed out that worries about a long U.S. government shutdown affecting economic performance are boosting demand for this safe-haven metal.
Silver price rise by ₹7,400, High demand in commodity market
Silver prices also saw significant gains. The price of silver rose by ₹7,400, reaching a new high of ₹1,57,400 per kg, including all taxes. On Friday, October 3, 2025, it had closed at ₹1,50,000 per kg, as per association.
Silver prices have surged by ₹67,700 or 75.47% in the current calendar year, climbing from ₹89,700 per kg on December 31, 2024. “Spot Gold price continued to rise and surpassed $3,940 per ounce for the first time as the U.S. government shutdown entered its 6th day. The Senate failed to pass funding bills on Friday, October 3, 2025,” said Kaynat Chainwala, AVP Commodity Research.
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