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The Indian bullion market started the week on a firm footing, with the price of gold rising on Monday, October 13, 2025, due to renewed US-China trade wars and global uncertainty boosted safe-haven demand.
The MCX Gold December futures were at Rs. 1,23,313 per 10 grams, a gain of 1.62%, whereas the MCX Silver December futures rose 3.44% to Rs. 1,51,577 per kg.
On the global stage, spot gold hit a record high above $4,060 per ounce, marking its eighth consecutive weekly gain, while silver approached $51 per ounce.
In Mumbai, gold prices surged; the price of 24-carat gold stood at Rs. 12,540 per gram, rising by Rs. 32 from the previous day, while the price for 10 grams increased to Rs. 1,25,400, up by Rs. 320.
Meanwhile, the cost of gold for 22 carats was at Rs. 11,495 per gram, an increase of Rs. 30, and at Rs. 1,14,950 per 10 grams, a rise of Rs. 300 as compared to the previous day.
The constant uptrend in gold prices reflects a continued retail demand prior to Diwali and growing concerns about global trade hurdles.
In Chennai, gold also recorded a steady increase. The rate of 24-carat gold rose to Rs. 12,573 per gram, up by Rs. 27, while 10 grams were priced at Rs. 1,25,730, showing an increase of Rs. 270.
The price of 22-carat gold was at Rs. 11,525 per gram, which is an increase of Rs. 25, and at Rs. 1,15,250 for 10 grams, a rise of Rs. 250 as compared to the previous day.
The trade tensions between the United States and China have been revived after President Donald Trump decided to impose 100% tariffs on Chinese imports. This has caused investors all over the world to seek refuge in safe-haven assets like gold and silver.
Moreover, concerns surrounding the US government shutdown and expectations of the Federal Reserve cutting interest rates further have all played a part in strengthening the rally.
According to Aksha Kamboj, Vice President of the India Bullion and Jewellers Association (IBJA), “Gold prices are likely to remain firm this week as traders respond to heightened geopolitical tensions and festive demand in India. The market will also track US inflation data and FOMC commentary closely.”
Also Read: Gold vs Stocks: Which Should You Choose This Diwali?
Market experts maintain a bullish outlook for gold in the near term. The MCX gold prices could advance toward Rs. 1,22,500-Rs. 1,24,000 per 10 grams, with strong support near Rs. 1,21,500.
Analysts believe that buying on dips is the preferred strategy for traders and long-term investors due to global trade uncertainty, festive demand, and central bank buying, which is the case now.
