Gold prices increased by ₹171 to ₹1,12,800 per 10 grams in the domestic futures market on Friday, despite a mostly stable trend in international markets. In contrast, silver prices retreated from their record high, falling ₹400 to ₹1,36,656 per kilogram.
On the Multi Commodity Exchange (MCX), gold for October delivery rose ₹171, or 0.15%, reaching ₹1,12,800 per 10 grams with a turnover of 2,834 lots. Concurrently, the December contract rose by ₹56, or 0.05%, to ₹1,13,927 per 10 grams on a volume of 13,573 lots.
Silver, after achieving fresh highs earlier, saw a decline. The December contract dropped ₹400, or 0.29%, to ₹1,36,656 per kilogram on a volume of 17,462 lots. Silver had previously reached a record high of ₹1,37,530 per kilogram on Thursday.
The March 2026 contract also experienced a reduction, falling ₹351, or 0.25%, to ₹1,38,051 per kilogram in 2,216 lots after hitting an all-time high of ₹1,38,847 per kilogram in the prior session.
In global markets, gold futures for December delivery were up by 0.15%, trading at $3,776.90 per ounce, while silver futures decreased by 0.21%, priced at $45.02 per ounce. On Thursday, silver had approached a 14-year high at $45.50 per ounce.
Experts in the commodities market attributed the movement to positive U.S. macroeconomic data released on Thursday, which raised uncertainties regarding the timeline for interest rate cuts by the Federal Reserve, keeping the dollar near a three-week high and limiting gold price gains.
They noted that gold prices might find support in the near term as traders anticipate the release of the U.S. personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure. This data could indicate whether the Fed remains on track for potential rate cuts later this year.
Additionally, analysts highlighted that “renewed concerns over the economic impact of new tariffs announced by U.S. President Donald Trump on various imports, coupled with rising geopolitical tensions, are likely to uphold safe-haven demand.” An expert remarked that persistent geopolitical risks and increasing festive demand in Asia may support gold prices at lower levels.
Published on September 26, 2025.
