Overview
- New Delhi spot gold jumped to an all-time high of Rs 1,37,600 per 10 grams, up Rs 4,000 from Friday, according to the All India Sarafa Association.
- On MCX, February gold futures set a fresh record at Rs 1,35,496 per 10 grams, while silver trades below Friday’s intraday lifetime high near Rs 2,01,600 per kg.
- Internationally, spot gold hovered near $4,350 after a five-session climb, and silver held around $63 following last week’s record near $64.65.
- The advance is supported by the Fed’s 25 bps rate cut and $40 billion in monthly T‑bill purchases, a weaker dollar and lower yields, plus steady ETF inflows and central‑bank buying.
- Analysts say upcoming US jobs and CPI releases, along with Fed remarks, are the next catalysts, with recent profit-taking highlighting near-term volatility even as silver’s industrial demand stays strong.