Gold and silver prices in India witnessed a sharp surge on Monday, October 13, 2025, as investors sought safe-haven assets amid rising concerns over US-China trade tensions and potential disruptions from the US government shutdown. Analysts predict that the rally in precious metals is likely to continue, especially with the ongoing festive season demand in India.
Gold prices hit all-time highs
The price of 24-karat gold in India rose by Rs 32 per gram, reaching Rs 12,540 per gram, which translates to Rs 1,25,400 per 10 grams, inching closer to Rs 1,30,000. Meanwhile, 22-karat gold jumped by Rs 30 per gram to Rs 11,495 per gram, and 18-karat gold increased by Rs 24 per gram to Rs 9,405 per gram.
The surge in domestic gold prices coincided with a significant rise in gold futures. The December contract climbed by Rs 2,613, or 2.15%, to hit a record Rs 1,23,977 per 10 grams, while the February 2026 contract rose Rs 2,296, or 1.87%, trading near its lifetime peak at Rs 1,24,999 per 10 grams.
Silver prices continue upward trend
Silver also witnessed a sharp rise, driven by strong industrial demand and supply-side constraints. On Monday, silver was priced at Rs 185 per gram and Rs 1,85,000 per kilogram. Silver futures for December delivery jumped to Rs 1,54,284 per kilogram, reflecting sustained interest in the white metal.
Global factors driving safe-haven demand
The upward momentum in gold prices is not limited to India. Internationally, gold touched an all-time high of $4,090 per ounce on Monday, fueled by safe-haven buying amid renewed fears over US-China trade relations and potential economic instability.
Experts note that broader economic uncertainties, including expectations of future US Federal Reserve rate cuts, may continue to support the demand for gold and silver in the near term.
Outlook for investors
While the rally may persist today, October 14, 2025, analysts caution that some profit booking could temporarily slow the upward trend. Nevertheless, gold and silver are likely to remain attractive to investors seeking hedges against global economic volatility, particularly during the festive season, when demand traditionally rises in India.
Investors are advised to track both domestic and international developments, including trade tensions, Fed policies, and market sentiment, to make informed decisions.