Gold Rate In India Breaks Record Again! 24K Nears Rs 1,30,000; Will Gold, Silver Rally Today? 14 Oct Outlook

Gold Rate in India: There was a sharp surge in the prices of gold in India on Monday as investors continued to invest in the precious metal, driven by uncertainty around US-China trade tensions and concerns related to the US Shutdown. Meanwhile, the silver price also continued its upward trajectory, nearing an all-time high mark. Now, all focus will be on gold and silver price movement today, ie Tuesday, October 14.

Experts believe that the gold price rally is likely to continue amid the ongoing festive season demand. Whereas, silver prices are also expected to surge due to strong industrial demand.

Gold Rate in India

The price of 24 karat gold in India surged by Rs 32 per gram to reach an all-time high mark of Rs 12,540 per gram. Which means that the price of 24 karat gold, per 10 gram stood at Rs 1,25,400, near to Rs 1,30,000 per 10 gram.

Likewise, the price of 22 karat gold in India jumped by Rs 30 per gram to Rs 11,495 per gram. Similarly, the rate of 18 karat gold in India surged by Rs 24 per gram to Rs 9,405 per gram.

Silver Rate in India

The price of silver in India surged significantly on Monday. The rate of silver stood at Rs 185 per gram and at Rs 1,85,000 per kilogram. The sharp surge in silver rate was driven by strong industrial demand and supply-side constraints.

Gold, Silver MCX Rates

The sharp rise in domestic gold prices coincided with a massive jump in gold futures on Monday. Gold futures for December delivery jumped by Rs 2,613, or 2.15 per cent, to hit a record of Rs 1,23,977 per 10 grams. The February 2026 contract for the yellow metal also appreciated Rs 2,296, or 1.87 per cent, to trade near its lifetime peak at Rs 1,24,999 per 10 grams. The contract had scaled a fresh high of Rs 1,25,025 per 10 grams on Thursday. Silver futures with December delivery jumped to Rs 1,54,284 per kilogram.

The international gold price also scaled an all-time peak of $4,090 per ounce on Monday as investors continued to drive safe-haven demand amid renewed concerns about US-China trade tensions.

Gold, Silver Price Outlook

The sharp jump in gold and silver rates may continue on Tuesday if US-China trade tensions continued to escalate. Meanwhile, there is also a possibility of some profit booking. However, safe-haven demand for the precious metal amid renewed US-China trade concerns, broader economic uncertainties, and expectations of further US Fed rate cuts may continue to weigh investors' sentiment around gold and silver.

"The gold bull market seems far from over, but it may pause for an extended period, and meaningful pullbacks could offer chances to add," noted DSP Netra in its report. "Silver still has room to close in on its theoretical midpoint at $64. Taking some profits off from now (at $47) to close to low end of $53 is advisable. Ancillary exposures like gold miners no longer warrant an overweight and should be reduced to normalized weights or gradually phased out," the report added.