Gold blazes past ₹1.30 lakh on MCX; silver sprints towards ₹1.84 lakh/kg in turbo-charged metals rally

Safe-haven trade fires up bullion

MCX gold for near-month delivery climbed past the psychologically key ₹1.30‑lakh mark, extending a multi-week rally that has already delivered double‑digit gains in 2025. Silver outpaced the yellow metal, jumping around 1.5% intraday to about ₹1.84 lakh per kg, helped by strong investor flows and industrial demand optimism.​

Key highlights

Price action: MCX gold trades above ₹1.30 lakh/10g; domestic spot 24K rates hover near ₹13,000 per gram in key cities.​

Silver spike: Futures leap roughly 1.5% to around ₹1.84 lakh/kg, not far from the recent record band of ₹1.88–1.90 lakh.​

Macro drivers: Softer dollar, rising bets on US Fed rate cuts, geopolitical tensions and record‑low rupee levels amplify the bullion bid.​

Return scoreboard: Analysts note gold and silver are among 2025’s best‑performing major assets, with silver up over 80% and gold more than 60% year‑to‑date.​

Investor takeaway: Experts advise staggered buying, highlighting elevated volatility and the risk of sharp corrections if Fed rhetoric turns hawkish or profit‑booking accelerates.​

Sources: Goodreturns bullion tracker; Mathrubhumi commodity update