Gold and silver prices surged to new all-time highs on October 15, with gold crossing ₹1.27 lakh per 10 grams amid strong safe-haven demand driven by US-China trade tensions. Expectations of further interest rate cuts by the US Federal Reserve also supported the rally. On the MCX, gold opened 0.52% higher at ₹1,26,915 per 10 grams and touched a record ₹1,27,500, while silver opened 0.18% higher at ₹1,59,800 per kg, reaching an intraday peak of ₹1,61,418. Globally, spot gold rose 0.4% to $4,155.99 per ounce, with December futures up 0.3% to $4,174.30. Analysts view gold and silver as preferred safe-haven assets amid market volatility. Gold has delivered a 55% year-to-date gain and surged 1,200% over the past 20 years, from ₹7,638 in 2005 to over ₹1 lakh in 2025. Silver has also climbed 668.84% in the same period, staying above ₹1 lakh/kg in recent months. As of 9:50 pm, 24-carat gold stood at ₹1,27,000 per 10 grams and silver at ₹1,60,380 per kg, according to the Indian Bullion Association.
