Gold in the global market has reached the new record high. It has touched a level of $ 3920.63 an ounce. The US government’s shutdown is still going on, leading to increasing investment in gold. The parole data could not be released on Friday due to the US shutdown and is delayed. This has made America’s Economic Outlook even more unclear. The ban on government financeing (shutdown) began after there was no agreement between President Donald Trump and Parliament to continue government programs and services in the US. This has created an atmosphere of uncertainty. The US Senate failed to pass the funding extensions on 30 September.
According to Bloomberg report, traders are now dependent on private reports for more clarity on the American economy due to the delay in release of government data. At the same time, the US central bank Federal Reserve is also having difficulty in taking decisions related to the Monetary Policy. Interest rates are still expected to cut by 0.25 percent at the end of October. If this happens, the demand for gold will increase further.
As the interest rates rise, the price of gold falls as high interest rates make investments in bonds more attractive. Investors increase investment in gold which is considered safe asset when the interest rates are low.
Gold jumped 50 percent this year
According to Bloomberg, gold has increased by about 50 percent this year. It is inspired by a major shock of economic and geopolitical uncertainty brought by US President Donald Trump to the market. Interest rates from the Federal Reserve and good purchase of gold from central banks have also been very helpful. Due to weakness in dollars, global investors also increase gold and increase investment in it.
Gold prices in India
Gold and silver reached a new record level on October 6 in futures trading. The important reasons behind this were global factors such as further deduction in interest rates from the US shutdown and Federal Reserve. The price of delivery gold contract in December at the Multi Commodity Exchange (MCX) rose Rs 1820 to a record high of Rs 119933 per 10 grams. In February 2026, the price of delivery gold contracts rose by Rs 1512 to a high level of Rs 1,20,845 per 10 grams so far.
What about silver
Silver also saw a boom. In December, the price of delivery silver future contracts rose by Rs 1956 or to a new peak of Rs 1,47,700 per kg. Similarly, in March 2026, the delivery contracts rose by Rs 2053 to Rs 1,49,321 per kg on all -time high.