New Delhi: The gold prices hit yet another record high of Rs 1,05,670 per 10 grams in the national capital on September 1, 2025, Monday. The rise in the precious yellow metal was a result of expectations of a rate cut by the US Federal Reserve and rising demand in overseas markets.
The All India Sarafa Association informed that gold of 99.9 per cent purity jumped Rs 1,000 to hit a record high of Rs 1,04,670 per 10 grams on Saturday.
The gold of 99.5 per cent purity climbed Rs 800 to hit a lifetime high of Rs 1,04,800 per 10 grams (inclusive of all taxes) in the local markets on Monday.
Factors driving surge in Gold and Silver prices
The traders attributed the rise in prices of gold to investors’ searching for safe-haven assets amid growing concerns over the independence of the US Fed and heightened uncertainty around tariff policies, PTI reported.
The silver prices also jumped Rs 1,000 to hit a fresh peak of Rs 1,26,000 per kilogram (inclusive of all taxes) on Monday. Notably, the silver prices recorded an exponential jump of Rs 6,000 to hit a record high of Rs 1,25,000 per kg on Saturday.
“Silver hit record high in the domestic markets largely driven by industrial demand in clean energy and electronics supporting with speculative interest driving the price sharply higher.
“The recent announcement of the US Geological Survey proposing silver as a critical mineral has created a new wave of momentum as well,” Trivesh D, Chief Operating Officer at brokerage firm Tradejini, was quoted by the news agency.