November 10, 2025 : Gold and silver prices are once again witnessing an upward trend. In the domestic futures market (MCX), both gold and silver recorded a surge on Friday. Gold is trading at ₹122,330 per 10 grams on the MCX exchange, showing a rise of 1.05%, or around ₹1,300. Meanwhile, silver prices have also jumped by ₹2,700 per kilogram, reaching the level of ₹150,440.
Experts say that the continued rise in gold prices is due to the weakness of the US dollar in global markets and increasing demand internationally. Additionally, investors’ preference for safe-haven assets is another major factor behind this rally.
With the festive and wedding season underway, retail demand for gold has also increased, which could lead to a further rise in local prices. The jump in silver prices, on the other hand, indicates a recovery in industrial demand.
Market analysts believe that the fall in the US dollar, AI-driven volatility in stock markets, and the prolonged US government shutdown have once again strengthened gold’s position as a “safe-haven” asset. The 0.08% drop in the dollar index has further fueled this rally.
Jatin Trivedi, Vice President of LKP Securities, said that the market’s focus is now on the upcoming speeches by Federal Reserve officials next week, as well as the Consumer Price Index (CPI) data from India and the US. He believes that due to the ongoing economic uncertainty and the US financial crisis, both gold and silver may continue to strengthen in the coming days.
Summary:
MCX gold prices increased, making gold costlier per 10 grams, while silver rates also climbed amid global market trends and strong investor demand for safe assets.