Mumbai, 22 September 2025: Gold and silver prices surged to fresh lifetime highs on Monday, supported by global economic uncertainties and expectations of more rate cuts by the US Federal Reserve.

On the Multi Commodity Exchange (MCX), gold futures with October expiry touched a record high of , while December contracts hit . In the retail market, the price of 24-carat gold rose by to , according to Good Returns data.

Silver too hit fresh peaks. December futures on MCX touched , while March contracts scaled an all-time high of . Domestic silver prices climbed to reach .

Why are gold and silver rising?

Analysts say the rally is being driven by expectations of further monetary easing by the US Fed. “Gold jumped as traders bet on two more rate cuts by the Fed before year-end,” said Axis

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