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2h ago

Gold Hits Fresh Records as Spot Climbs to $3,981 and India Tops ₹1.30 Lakh

Safe-haven demand linked to the U.S. shutdown is lifting prices on growing expectations of Federal Reserve rate cuts.

Gold is really roaring.
The price of bullion is on track to hit $10,000 by the end of the decade, according to Yardeni Research president Ed Yardeni
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gold oranment

Overview

  • International spot gold rose to as high as about $3,981 per ounce on Monday, extending a 2025 rally that has accelerated during the U.S. government shutdown.
  • Delhi bullion prices jumped to a record ₹1,30,300 per 10 grams for 99.9% purity, while MCX December gold futures set a lifetime high near ₹1,20,075 per 10 grams.
  • Silver advanced in tandem, touching roughly $48.75 per ounce globally and a new peak near ₹1.57 lakh per kilogram in India.
  • Analysts cite safe-haven flows, rupee weakness, central-bank and ETF buying, and seasonal Indian demand, with key U.S. data releases delayed by the shutdown adding to uncertainty.
  • Forecasts diverge, with some calling for a near-term test of $4,000 and others warning of an overstretched market, even as banks such as UBS and Deutsche Bank project further gains.