This week, precious metals retained their fast. Gold and silver prices in India reached the new peak. Gold and silver prices increased rapidly due to the possibility of the US government’s closure, increasing tariff hazards during the tenure of President Trump and emerging geopolitical tension from Middle East to Ukraine. As investors are getting attracted to safe investment properties, the attraction of this yellow metal has increased before Diwali and it has overtaken the shares once again.

According to the India Bullion and Jewelers Association (IBJA), the price of 24 carat gold opened at Rs 1,15,454 per 10 grams on Monday, September 29. On Thursday, October 2, it reached an all -time high of Rs 1,17,332, after which a slight decline closed at Rs 1,16,954 on Friday – ie a net weekly gain of Rs 1,500. The price of silver also increased at the same pace due to strong industrial demand in solar energy and electronics sectors and it started at Rs 1,223 to Rs 1,45,610, starting at Rs 1,44,387 per kg.

In the futures sector, gold closed at Rs 1,18,100 per 10 grams for the end of December 5 on the Multi Commodity Exchange (MCX), while silver stood at Rs 1,45,599 per kg, reflecting the continuous optimistic stance of investors. Globally, the spot gold remained around $ 3,885 an ounce, which by the central bank’s hoarding – 2025 approximately an estimated – and the ETF flow amid the fears of the trade war.

Jatin Trivedi, a senior research analyst at LKP Securities, advises, “There is a strong trend, but there is a possibility of sharp fluctuations around the release of major data. Gold is supported at Rs 1,16,500 ($ 3,840/ounce) support and Rs 1,18,500 ($ 3,900/tox).” He pointed to high volatility, but fundamentally rapid trends due to hopes of deducting the fed’s interest rates and dollar weakness.

This boom outlines gold domination: it has surpassed Indian stock markets in the fourth Diwali-to-Diwali cycle, with 32% returns in 2024, while Nifty gave 24% returns, and 2023 gained 21%. Over the last eight years, this metal topped the stock markets in seven years, which further strengthened its supremacy as a safe investment between increased evaluation and FII withdrawal. Silver also continued its third year better performance, with a mixture of defensive attraction and favorable conditions of the green technology.

As the enthusiasm of the festivals is increasing, analysts are expecting constant boom, although there is a risk of profits. For investors, the glow of this week indicates: at indefinite times, gold shine remains intact.