Gold and silver costs regained their luster on Monday (October 20, 2025), rising in home futures markets as traders turned to worth shopping for after a short fall from file highs and demand for safe-haven belongings resumed amid world uncertainty.
On Multi Commodity Alternate (MCX), gold futures for December supply rose by Rs 982 or 0.77 per cent to Rs 1,27,990 per 10 grams on a buying and selling quantity of 14,913 heaps.
The yellow metallic soared to an all-time excessive of Rs 1,32,294 per 10 grams on Friday (October 17, 2025) earlier than settling at Rs 1,27,008 per 10 grams, ending a five-day rally.
February 2026 gold contract additionally rose by ₹1,680 (1.31%) to ₹1,29,743 per 10 grams in 1,862 heaps. It had touched a brand new excessive of Rs 1,34,024 per 10 grams within the earlier market session.
Final week, gold futures rose by ₹5,644 (4.65%) reflecting robust investor sentiment.
Silver futures additionally joined the restoration. White metallic for December supply rose by ₹1,522 (0.97%) to ₹1,58,126 per kg with buying and selling quantity of 23,985 heaps. MCX recorded an all-time excessive of ₹1,70,415 per kg.
The March 2026 contract elevated by ₹1,292 (0.82%) to ₹1,59,361 per kg on 5,787 heaps. The earlier commerce had hit a lifetime excessive of ₹1,72,350 per kg.
Over the previous week, silver costs rose by ₹10,138 (6.92%), supported by industrial demand and sustained provide constraints.
Analysts say demand for safe-haven belongings stays resilient amid rising geopolitical tensions, world trade-related uncertainty and issues a couple of extended U.S. authorities shutdown.
In world markets, each gold and silver confirmed renewed shopping for after a short lived correction. At Comex, gold futures for December supply rose $62.46, or 1.48%, to $4,275.76 per ounce, after hitting an all-time excessive of $4,392 per ounce on Friday (October 17, 2025).
“Gold has soared greater than 65% thus far this 12 months, supported by a robust mixture of central financial institution shopping for, stable ETF inflows and aggressive positioning on expectations of US financial easing,” mentioned Riya Singh, analysis analyst, commodities and currencies at MK International Monetary Companies.
He added {that a} weaker greenback and expectations that the US Federal Reserve may announce vital rate of interest cuts by the top of the 12 months have strengthened the outlook for bullion costs.
“Whereas ETF inflows into the white metallic are beginning to plateau, silver has additionally risen considerably, suggesting fatigue on this phase,” Singh mentioned.
Comex silver futures fell 6%, their largest decline in six months, after a risky week that noticed them hit a file $53.76 an oz, rising 1.50% to $50.85 an oz.
Commodity market specialists mentioned final week’s correction was triggered by easing issues about U.S. credit score situations and indicators of bettering U.S.-China commerce relations, decreasing demand for safe-haven belongings within the close to time period.
Funding sentiment improved after U.S. President Donald Trump’s feedback helped ease commerce tensions, however robust outcomes from regional banks pushed up inventory costs and authorities bond yields, weighing on gold’s attraction as a safe-haven asset.
Regardless of the revisions, the specialists mentioned: “The broader outlook for bullion stays constructive. We anticipate continued geopolitical uncertainty, central financial institution purchases, and expectations for additional financial easing from the US Federal Reserve to proceed to help gold and silver within the coming weeks.”
issued – October 20, 2025 2:21 PM IST
