What's Happening in Gold, Silver, and Markets Today?

Gold and Silver Prices Shooting Up

Here's the thing—gold and silver are hitting new record highs. On Monday, the prices for gold and silver went totally and completely higher. Gold prices on the MCX (that’s India’s major commodity exchange) reached ₹1,19,979 per 10 grams, and silver touched ₹1,47,888 per kg.

Why are prices climbing? Well, many people are interested in buying gold and silver now because of some big reasons. First, there's a lot of demand right before Diwali, a big festival in India. People buy a lot of gold during this time, so prices go up. Second, there’s a lot of worry around the world. Things like the US government shutdown and expectations that the US Federal Reserve might cut interest rates further are making investors nervous. So, they buy safe assets like gold and silver—this raises their prices.

Some experts think gold could go even higher—up to ₹1,30,000 per 10 grams—by the end of 2025. Silver might reach ₹1,50,000 per kg. The reason is, global uncertainties aren’t going away anytime soon, and the US dollar is weaker. Plus, there's strong demand for gold right now.

Investors like Tata Mutual Fund say you should keep investing in gold and silver, but they advise doing it smartly. They suggest maintaining some patience because prices might stay steady for a little while. They also say that gold and silver are good ways to protect yourself from inflation or if the currency gets weaker.

What does this all mean?

In simple words, gold and silver prices might keep going higher because of global worries and demand, especially ahead of festivals. Stock markets in India are doing pretty well, but the world’s uncertain. If you’re thinking about investing, it’s a good idea to stay careful and watch how prices move. Gold and silver could keep rising, and stocks may stay positive, but risks can come from global issues or currency changes. So, always think twice and consider your long-term goals.