Gold & Silver Prices Skyrocket! India Witnesses Massive Rally Post US Shutdown End!

Commodities

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Updated on 13 Nov 2025, 10:26 am

Gold and silver prices continued their upward march on Thursday, supported by firm global cues and renewed safe-haven demand following the end of the prolonged US government shutdown. The reopening of the US government lifted investor sentiment, driving both metals higher in domestic and international markets.

On the Multi Commodity Exchange (MCX), gold futures for December delivery surged by Rs 1,180, or 0.93 per cent, to Rs 1,27,645 per 10 grams. The February 2026 contract also gained Rs 1,360, or 1.06 per cent, to Rs 1,29,320 per 10 grams.

Silver also maintained its winning streak for the fifth straight session, with December contracts jumping Rs 3,123, or 1.93 per cent, to Rs 1,65,214 per kg, while the March 2026 contract advanced Rs 3,369, or 2.05 per cent, to Rs 1,68,059 per kg.

In global markets, Comex gold futures rose 0.55 per cent to $4,236.80 per ounce, while silver hit a new record at $54.41 per ounce.

Analysts attributed the rally to increased investor confidence in potential Federal Reserve easing and the US adding metals like silver, copper, and coal to its critical minerals list.

City-wise prices across India showed similar upward trends for 24K, 22K, and 18K gold.

Impact This news directly impacts Indian consumers looking to purchase gold and silver, as prices are higher. For investors, rising commodity prices can influence portfolio diversification and hedging strategies. It also contributes to inflation concerns for the broader economy. Rating: 8/10

Difficult Terms Global cues: Positive or negative news and trends from international markets that can influence domestic market sentiment and prices. Safe-haven demand: Increased buying of assets like gold and silver during times of economic uncertainty or market volatility, as they are perceived as stable stores of value. MCX: Multi Commodity Exchange of India Limited, a commodity derivatives exchange. Futures: A financial contract obligating the buyer to purchase an asset, or the seller to sell it, at a predetermined future date and price. Comex: Commodity Exchange, Inc., a division of the CME Group, a major exchange for trading commodity futures. Federal Reserve easing: The US central bank reducing interest rates or increasing the money supply to stimulate economic activity. Critical minerals list: A list compiled by governments of minerals deemed essential for economic and national security, often indicating strategic importance and potential for future demand.