Internationally, spot gold prices reached a new peak of $2,725.81, while silver climbed to its highest level in nearly 12 years.

Gold and Silver Prices in India Latest News Today: Gold and silver prices reached new all-time highs on Monday, fueled by strong spot demand and positive global market cues. On the Multi Commodity Exchange (MCX), gold futures for December 5 delivery surged to a record high of Rs 78,260 per 10 grams. Similarly, silver futures for December 5 delivery hit Rs 98,224 per kilogram, with silver futures for March 5, 2025, touching Rs 1,00,564 per kilogram.

Internationally, spot gold prices reached a new peak of $2,725.81, while silver climbed to its highest level in nearly 12 years. This price rally is being driven by escalating tensions in West Asia and growing uncertainty around the 2024 US presidential election.

A combination of geopolitical factors, macroeconomic instability, a weaker dollar index, and reduced interest rates is bolstering demand for precious metals. Investors are also closely monitoring the US election, where a tight contest between former President Donald Trump and Vice President Kamala Harris is influencing market sentiment.

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