Gold rate today: Prices hit fresh highs on Fed rate cut hopes; gold at Rs 1,13,800/10g, silver crosses Rs 1.32 lakh/kg

Gold rate today: Gold and silver prices surged to record levels on Friday, buoyed by strong global demand and rising expectations of an interest rate cut by the US Federal Reserve next week.

In the national capital, 99.9% purity gold touched Rs 1,13,800 per 10 grams, while silver crossed Rs 1,32,000 per kilogram, according to the All India Sarafa Association (AISA).Gold rallies on Fed rate cut expectations and global cuesGold extended gains for the fourth consecutive session, rising Rs 700 from Rs 1,13,100 per 10 grams in the previous session, PTI reported. Gold of 99.5% purity also climbed Rs 700 to Rs 1,13,300 per 10 grams, marking a lifetime peak.

The yellow metal has gained Rs 34,850 or 44.14% so far in 2025, up from Rs 78,950 per 10 grams on December 31, 2024.“The rally in precious metals is driven by recent US macroeconomic data that heightened expectations of multiple interest rate cuts by the Federal Reserve before the end of 2025, which encouraged buying activity in bullion,” said Saumil Gandhi, Senior Analyst – Commodities, HDFC Securities, PTI quoted.

Silver surges on industrial demand and ETF inflowsSilver rebounded sharply, gaining Rs 4,000 from Rs 1,28,000 per kg and breaking a two-day losing streak. The white metal has surged Rs 42,300 or 47.16% this year, up from Rs 89,700 per kilogram at the end of 2024. Gandhi added that the rally was supported by a positive trend in industrial metals and strong inflows from exchange-traded funds.On international markets, spot gold rose 0.35% to USD 3,646.69 per ounce, while spot silver was up 1.82% at USD 42.31 per ounce.

Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said, “Gold continues to enjoy a premium driven by tariff uncertainty and the de-dollarisation theme, despite being in overbought territory.”Praveen Singh, Head of Commodities and Currencies, Mirae Asset ShareKhan, noted that gold is expected to maintain a positive bias, though strong risk appetite is curbing safe-haven demand. Chintan Mehta, CEO, Abans Financial Services, added, “Investors will monitor the Federal Reserve’s tone, US labour market data, and geopolitical risks, all of which could drive further volatility in gold and silver prices.

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