Mumbai, October 6: Gold prices soared to all-time highs on Monday, October 6, driven by rising investor demand for safe-haven assets amid global economic uncertainty, a weakening US dollar, and concerns over a prolonged US government shutdown.

In early international trade, spot gold crossed the USD 3,900 per ounce mark for the first time, hitting an intraday peak of USD 3,924.39/oz before settling slightly lower around USD 3,922.28/oz, TNIE reported. US gold futures also rallied, underpinned by expectations of potential rate cuts by the Federal Reserve and sustained inflationary pressures. Gold Rate Today, October 5: Gold Prices Remain Stable Amid Market Volatility, Check Prices of Yellow Metal in Mumbai, Delhi, Bengaluru, Chennai and Other Metro Cities.

Gold Prices in Major Cities (Per 10 Gram)

INR

City 24K Gold 22K Gold  18K Gold
Delhi INR 1,20,920 INR 1,10,850  INR 90,730
Mumbai INR 1,20,770 INR 1,10,700  INR 90,580
Kolkata INR 1,20,770 INR 1,10,700  INR 90,580
Chennai INR 1,20,660 INR 1,10,600  INR 91,600
Bangalore INR 1,20,770 INR 1,10,700  INR 90,580

According to the analysts, gold and silver prices have been rising for the past few months due to safe-haven buying amid global uncertainties and US Fed rate cut expectations. “2025 has been the year of uncertainties. It started with political uncertainty, then tariff uncertainty, then geopolitical uncertainty, rate cut uncertainty, and now US shutdown uncertainty. All these uncertainties have supported bullion prices to rise phenomenally this year on safe-haven demand," Renisha Chainani, head of research at Augmont, said. Gold Rate Reaches INR 1 Lakh Mark for the First Time, Hits Fresh All-Time High on Dollar’s Weakness.

Gold continues to be a safe-haven asset in times of uncertainty. With inflation fears persisting and geopolitical tensions like the Russia-Ukraine conflict showing no signs of resolution, investors globally are shifting toward stability and away from riskier assets.

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(The above story first appeared on LatestLY on Oct 06, 2025 03:04 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).