MCX Gold Price Hits Record High Above ₹1.27 Lakh per 10 Grams; Silver Gains 1% to ₹1.61 Lakh

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Gold prices on the MCX surged to a record high above ₹1.27 lakh per 10 grams on October 15, 2025, driven by sustained global demand and safe-haven buying ahead of the festive season. Silver also gained 1%, trading near ₹1.61 lakh, reflecting strong investor interest in precious metals.

The Multi Commodity Exchange (MCX) gold price reached an all-time high above ₹1,27,000 per 10 grams on October 15, marking a significant milestone for the precious metal. The rally is attributed to increased global uncertainty, festival season demand in India, and steady foreign inflows supporting gold investment.

Gold for 24-karat purity touched ₹1,28,360 per 10 grams, while 22-karat gold rose to ₹1,15,798 per 10 grams in leading Indian urban markets like Delhi, Mumbai, and Bangalore. The price increase is consistent with global spot gold prices, which rose 0.5% to around $4,162 an ounce amid geopolitical concerns and cautious economic outlooks.

Silver prices also saw an uptrend, gaining approximately 1%, with MCX silver trading near ₹1.61 lakh per kilogram. Investors are increasingly viewing silver as an attractive hedge, following gold’s lead, especially due to its industrial applications and rising demand in clean energy sectors.

Notable Updates and Major Takeaways

Gold Price Milestone: MCX gold breached ₹1.27 lakh per 10 grams, a new record high for the domestic market.

Silver Price Movement: Silver gained 1%, trading at around ₹1.61 lakh per kilogram, driven by industrial and investment demand.

Global Influence: Rising geopolitical tensions and economic uncertainties sustained safe-haven buying in gold globally.

Domestic Drivers: Approaching festival season and strong physical demand from Indian consumers boosted precious metal prices.

Market Sentiment: The Bloomberg Dollar Spot Index remained stable, supporting dollar-priced commodity gains.

Investor Strategy: Precious metals continue to attract both retail and institutional investors seeking portfolio diversification and inflation hedge.

Conclusion

Gold’s historic surge above ₹1.27 lakh per 10 grams and silver’s 1% gain highlight a robust phase for precious metals amid global uncertainty and strong domestic demand. With festivals and economic factors aligning, the metals market exhibits positive momentum, offering lucrative opportunities for investors and consumers alike.

Sources: Moneycontrol, GoodReturns.in, GoldPriceIndia, Bloomberg

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