{"id":63780,"date":"2025-09-30T05:55:45","date_gmt":"2025-09-30T05:55:45","guid":{"rendered":"https:\/\/earlypostdaily.com\/index.php\/2025\/09\/30\/gold-prices-record-high-us-shutdown-fears\/"},"modified":"2025-09-30T05:55:45","modified_gmt":"2025-09-30T05:55:45","slug":"gold-prices-record-high-us-shutdown-fears","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2025\/09\/30\/gold-prices-record-high-us-shutdown-fears\/","title":{"rendered":"Gold Prices Hit Record Rs 1.17 Lakh\/10 G Amid US Shutdown Fears"},"content":{"rendered":"

Gold prices surged on October 3, 2023, reaching an unprecedented Rs 1,17,561 per 10 grams in the domestic futures market.<\/strong> This climb follows a substantial rise in international gold rates as investors reacted to fears of a looming US government shutdown.<\/p>\n

On the Multi Commodity Exchange (MCX), gold futures for December delivery saw an increase of Rs 1,217 or 1.04 percent, marking its fourth consecutive day of gains. The February 2026 contract also recorded a notable rise, reaching a high of Rs 1,18,788 per 10 grams.<\/p>\n

Silver followed suit, with the December futures contract climbing to Rs 1,44,200 per kilogram, an increase of Rs 1,101 or 0.77 percent. The March 2026 silver futures contract appreciated Rs 1,127 or 0.78 percent, setting a new record of Rs 1,45,858 per kilogram.<\/p>\n

Experts attribute this bullish momentum to rising safe-haven demand amidst concerns about the US government shutdown and the Federal Reserve’s interest rate direction. \u201cDemand for gold and silver surged due to these global economic uncertainties,\u201d noted Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd.<\/p>\n

In the global market, gold futures for December delivery climbed to $3,895.22 per ounce, while silver reached $47.41 per ounce. Jigar Trivedi, Senior Research Analyst at Reliance Securities, emphasized the significant monthly gains, noting that gold’s rise signals investors’ shift towards safer assets in uncertain times.<\/p>\n

The precious metals market has seen gains of over 11 percent this September alone. This upward trend coincided with a lack of agreement in US Congress regarding short-term funding, raising fears of an impending government shutdown. Failure to resolve the funding impasse may lead to delayed economic reports, including key employment statistics.<\/p>\n

Trivedi stated, \u201cIf no agreement is reached, a shutdown would commence on Wednesday, potentially impacting the release of significant economic data.\u201d Concerningly, new tariffs on various goods are scheduled to take effect at the same time, intensifying market apprehensions.<\/p>\n

Additionally, recent US data has bolstered expectations for further Federal Reserve rate cuts in its upcoming meetings, reinforcing investors’ inclination towards gold as a secure investment. \u201cGold exchange-traded funds attracted $10.5 billion in September,\u201d shared Renisha Chainani, Head of Research at Augmont, confirming that total inflows for 2023 have reached about $50 billion.<\/p>\n

This influx points to a growing trend as investors prioritize safe-haven assets amid tumultuous economic and political conditions globally.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold prices soared to a record high of Rs 1.17 lakh per 10 grams on October 3, 2023, driven by safe-haven demand due to US government shutdown fears and potential Federal Reserve rate cuts.<\/p>\n","protected":false},"author":1,"featured_media":63779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,22],"tags":[],"class_list":{"0":"post-63780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jammu","8":"category-national"},"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/63780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=63780"}],"version-history":[{"count":0,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/63780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/63779"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=63780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=63780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=63780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}