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Prices are still up since the start of 2025. Gold sales often rise sharply amid wider economic uncertainty, as anxious investors seek a 'safe haven' for their money
Brent crude futures were up by $1.76, or 2.81%, at $64.35 by 0041 GMT, and U.S. West Texas Intermediate crude futures were up $1.68, or 2.87%, at $60.18.
Gold prices in India dropped Rs 3,380 per 10g as global profit-booking hit bullion after record highs. Silver too fell, extending its losing streak.
Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while U.S. West Texas Intermediate crude futures climbed 21 cents, or 0.37%, to $57.45.
Spot gold fell as much as 6.3% to $4,082.03 an ounce, while spot silver fell as much as 8.7% to $47.89 an ounce
Precious metals have been on a tear this year, with gold registering a ninth straight week of gains. Prices are up more than 65% so far in 2025, underpinned by central-bank buying and inflows to exchange-traded funds.
The short-term silver borrowing rates in London eased by Friday from record highs seen on October 10.
US PMI readings, in particular, will be closely watched for early signals on economic momentum and labor market health, as further softness may reinforce expectations of rate cuts by the Fed.
What is striking is that gold's latest $1,000 surge occurred in just 207 days. By comparison, it took nearly 15 years for gold to rise from $1,000 to $2,000.
Gold at Rs 1.35 lakh and silver at Rs 2.4 lakh: Silver has also followed gold in this rally with prices already crossing the Rs 2 lakh mark in several cities such as Chennai and Hyderabad.
Spot gold was up 0.3% at $4,336.18 per ounce, as of 0233 GMT, after reaching a fresh high of $4,378.69 earlier in the session
Silver rate today on Oct 17: Silver has outpaced gold this year, surging nearly 87% in 2025, driven by many of the same macroeconomic factors boosting gold.
Gold Prices Today on Oct 17 in India: This is biggest weekly gain since 2008. This also means that the rally that began in August this year is continuing with no sign of ebbing.
Gold Silver Price Today Latest News (October 17): When is Dhanteras? Know correct date and gold-sliver buying muhurat
Dhanteras 2025: While there was some confusion around the Dhanteras date, latest panchangs and calculations by purohit says that the festival will be celebrated on October 18 itself.
'Around Diwali, most people will purchase emotion-driven jewellery, but intelligent investors are moving towards digital gold and silver bars,' said one analyst.
Bullion has risen about 5% so far this week and touched a peak above $4,227 an ounce on Thursday, as a breakneck rally underway since mid-August extended
Silver rate today on Oct 16: According to Bloomberg, platinum has surged about 80% this year, while silver is up roughly 75%, extending a broad rally across precious metals.
Gold rate today in India on Oct 16: In Singapore, spot gold rose 0.3% to $4,218.74 an ounce, while the Bloomberg Dollar Spot Index slipped 0.2% for the third consecutive day.
9K, 14K gold rate today on October 15: In India, while 9K and 14K gold has been available mostly termed as ‘everyday’ or ‘office wear’, this year’s glittering rally in yellow metal has renewed interest.
World Steel Association’s latest demand forecast points to limited long-term impact from the tariff war unleashed by the US on demand for the commodity
Gold’s advance has been underpinned by central-bank buying, rising holdings in exchange-traded funds, and Fed rate cuts.
Gold rate today in India on Oct 15: In Singapore, spot gold rose 0.5% to $4,162.98 per ounce. The Bloomberg Dollar Spot Index held steady, while silver gained nearly 1%, and platinum and palladium saw modest advances.
Silver ETFs are trading at a premium to futures when historically they have traded at a discount. What’s the market trying to say and what should investors do?
The prospect of improved trade relations between the world's two largest economies has historically buoyed oil markets, as investors anticipate stronger global growth and increased fuel demand.
