Safe-haven buying lifts gold to Rs 1,17,351 per 10 g, silver strengthens amid US shutdown fears

September 30, 2025

Domestic gold prices on the MCX surged to an all-time high on Tuesday, with December futures reaching Rs 1,17,351 per 10 grams. Silver held steady near Rs 1,43,900 per kg. Globally, gold breached $3,850 per ounce as investors sought safe-haven assets amid US government shutdown fears, expectations of rate cuts, and rising geopolitical tensions, driving bullish momentum in precious metals.

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