Gold rate in the present day: Prices hit all-time high of Rs 1.05 lakh per 10g, silver nears Rs 1.26 lakh on global cues

Gold rate in the present day: Gold costs surged for the sixth straight session on Monday, rising Rs 1,000 to hit a report Rs 1,05,670 per 10 grams within the nationwide capital. The rally was pushed by expectations of a US Federal Reserve rate lower this month and agency demand in abroad markets, based on the All India Sarafa Association.In the native market, gold of 99.5 per cent purity jumped Rs 800 to a lifetime high of Rs 1,04,800 per 10 grams (inclusive of all taxes), up from Rs 1,04,000 within the earlier session, PTI reported. Gold of 99.9 per cent purity had earlier touched Rs 1,04,670 per 10 grams on Saturday.Traders stated buyers rushed in the direction of safe-haven belongings as uncertainty deepened over US tariff insurance policies and issues grew concerning the independence of the Federal Reserve.Silver costs additionally soared, rising Rs 1,000 to a contemporary peak of Rs 1,26,000 per kilogram (inclusive of all taxes). On Saturday, silver had jumped Rs 6,000 to Rs 1,25,000 per kg.“Silver hit a record high in the domestic markets largely driven by industrial demand in clean energy and electronics, with speculative interest pushing prices sharply higher. The US Geological Survey’s proposal to classify silver as a critical mineral has created additional momentum,” stated Trivesh D, Chief Operating Officer at Tradejini.On the Multi Commodity Exchange (MCX), gold futures for October supply surged Rs 2,113, or 2.03 per cent, to a lifetime high of Rs 1,05,937 per 10 grams in morning commerce. December gold futures jumped Rs 1,682 to Rs 1,06,539 per 10 grams. Silver December futures additionally rallied Rs 3,117, or 2.5 per cent, to Rs 1,24,990 per kg.“For gold, deteriorating rupee value internationally and rising geopolitical tensions have made the metal more attractive as a safe haven. Gold has crossed Rs 1.05 lakh per 10 grams and silver is nearing Rs 1.25 lakh per kg on MCX, making these among the highest levels Indian buyers have seen in more than a decade,” Trivesh D added.In worldwide markets, Comex gold futures for December rose to USD 3,556.87 per ounce, a report high. Spot gold climbed USD 22.51, or 0.65 per cent, to USD 3,470.51 per ounce in New York. Comex silver futures breached USD 41 per ounce, the best stage in 14 years, whereas spot silver superior 1.96 per cent to USD 40.47 per ounce.“Spot gold extended its rally, buoyed by expectations of a September rate cut, rising uncertainty over President Donald Trump’s tariff plans, and the escalating standoff between the Fed and the Trump administration,” stated Kaynat Chainwala, AVP Commodity Research, Kotak Securities.San Francisco Fed President Mary Daly signalled policymakers could also be able to decrease rates of interest quickly, saying tariff-driven inflation is probably going momentary.Chintan Mehta, CEO of Abans Financial Services, famous that buyers will carefully observe upcoming US labour market information, together with job openings, ADP employment, and non-farm payrolls, which might information the Fed’s subsequent transfer.