Image used for representational purposes.
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Image used for representational purposes. File
| Photo Credit: AP

As of 0508 GMT, spot gold rose 1.8% to $4,406.77 per ounce, a one-week high. U.S. gold futures for February delivery gained 1.9% to $4,413.40. Image used for representative purpose only.
| Photo Credit: AP

Silver prices soared by ₹9,350 to hit a fresh lifetime high of ₹2,36,350 per 10 grams in the national capital on Friday (December 26, 2025), tracking strong global cues, according to the All India Sarafa Association.

The white metal had closed at Rs 2,27,000 per kilogram on Wednesday (December 24).

Over the past the four sessions, silver prices have added ₹32,250, or 15.8%, from ₹2,04,100 per kilogram since December 19.

During the calendar year, the white metal had risen ₹1,46,650, or 63.5%, from Rs 89,700 per kg recorded on December 31, 2024.

Also Read | Gold prices, silver futures extend record rally on rate-cut hopes

Meanwhile, gold prices maintained their upward momentum in the local bullion market. The precious metal of 99.9% purity jumped ₹1,500 to touch a new record of ₹1,42,300 per 10 grams (inclusive of all taxes).

It had finished at ₹1,40,800 per 10 grams in the previous market session.

So far this year, gold prices have added ₹63,350, or 80.24%, from ₹78,950 per 10 grams recorded on December 31, 2024.

“The precious metals rally continued on the last trading day of the week, with gold and silver reaching new record highs once again,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

In the international markets, spot gold rose $50.87, or 1.13%, to hit a new lifetime high of $4,530.42 per ounce.

“Gold continues to trade at a record high of $4,530 per ounce, buoyed by the Fed rate cut expectations and positive undertone in the commodities market. Thin trading condition due to the year-end holidays is exaggerating the moves,” Praveen Singh, Head of Commodities and Currencies, Mirae Asset ShareKhan, said.

Spot silver rose to hit $75 per ounce-mark for the first time in the overseas trade. The white metal climbed $3.72, or 5.18%, to touch a new record of $75.63 per ounce in overseas trade.

“Spot silver hit a high of $75 during the Asian trading hours on Friday (December 26, 2025). The strong bullish momentum has attracted more momentum-driven traders, who have been active in the precious metals market since early December,” Saumil Gandhi of HDFC Securities said.

This trend has been intensified by the low liquidity that is near the year-end and Christmas holiday season, he added.

Jigar Trivedi, Senior Research Analyst at Reliance Securities, said silver has been in a multi-year supply deficit, global mine output has lagged demand, and above-ground inventories are declining.

He further stated that structural tightness on the physical market could support much higher prices if deficits deepen. Silver is crucial in solar panels, EVs, 5G/AI electronics, and other clean-tech infrastructure.

As these sectors grow, industrial demand may outpace supply further, tightening markets, Trivedi, said, adding that other catalysts are weak dollar and rising safe haven demand could push silver prices to $100 per ounce in 2026.

Published – December 26, 2025 06:37 pm IST

Gold prices on Thursday (October 16, 2025) surged by ₹1,185 to scale an all-time high of ₹1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the $4,250 per ounce globally, driven by expectations of interest rate cuts by the U.S. Federal Reserve, and persistent geopolitical tensions.

On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed by ₹1,185, or 0.93%, to reach a new peak of ₹1,28,395 per 10 grams.

Extending the gains for the fifth consecutive session, the February 2026 contract for the yellow metal futures also rose sharply by ₹977, or 0.76%, to touch an all-time high of ₹1,29,380 per 10 grams.

“Gold prices remain elevated at record levels, driven by expectations of more interest rate cuts from the U.S. Federal Reserve [Fed] and ongoing tensions between Washington and Beijing,” Darshan Desai, chief executive officer of Aspect Bullion & Refinery, said.

He added that the futures market now anticipates a larger rate cut from the Fed, possibly later this month or December, which could give gold prices another boost.

“Gold is also likely to remain a safe-haven asset, supported by concerns over rising and potentially unsustainable debt levels, a weakening U.S. dollar, and continued buying by central banks,” Mr. Desai said.

Tracking yellow metal, silver prices also surged to new peaks on the MCX. The white metal for December delivery appreciated by ₹2,454, or 1.51%, to hit a record ₹1,64,660 per kilogram.

Similarly, the March 2026 contract extended its winning streak for the fourth consecutive session by rising ₹2,699, or 1.6%, to hit a fresh peak of ₹1,64,958 per kg on the commodities bourse.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.17% to 98.63, further aiding the appeal for bullion prices.

In the international market, Comex gold futures continued their upward march by climbing to a record of $4,254.80 per ounce.

“Gold prices rose above $4,250 per ounce on Thursday, continuing its rally to a new record, driven by safe-haven demand and growing expectations of a dovish U.S. monetary policy,” Jigar Trivedi, senior research analyst at Reliance Securities, said.

Mr. Trivedi added that the U.S. Federal Reserve Chair Jerome Powell’s recent remarks highlighted signs of a weakening labour market, which prompted investors to nearly fully price in a 25 basis points rate cut at this month’s meeting, with another likely in December.

Silver futures also followed suit in the global markets. The metal for December delivery rose to hit a lifetime high of $52.86 per ounce.

On Wednesday, U.S. officials criticised China’s tightened restrictions on rare earth exports, warning they pose risks to global supply chains and hinting at potential countermeasures from Washington.

Meanwhile, U.S. Treasury Secretary Scott Bessent said that Washington could consider imposing export limits or tariffs on China’s imports of Russian Oil if coordinated with European partners, a move that could further strain trade relations and add to market uncertainty.

Analysts said both gold and silver have been on a record-setting spree this week, driven by robust investor inflows into precious metals. Any confirmation of a rate cut by the Fed would likely push bullion prices to fresh records in the weeks ahead.

Published – October 16, 2025 12:51 pm IST

 On the Multi Commodity Exchange, gold futures for October delivery jumped ₹520 or 0.46% to touch a lifetime high of ₹1,12,750 per 10 grams. File.
| Photo Credit: Reuters

Image used for representative purpose only.
| Photo Credit: Reuters

Image for representational purposes only.
| Photo Credit: The Hindu

Gold prices on Monday (September 8, 2025) retreated from record levels to trade at ₹1,07,670 per 10 grams, down by ₹200, in the national capital due to fresh selling by stockists, according to the All India Sarafa Association.

The precious metal of 99.5% purity also fell by ₹200 to ₹1,06,800 per 10 grams (inclusive of all taxes).

On Saturday (September 6, 2025), gold of 99.9% and 99.5% purity surged ₹900 each to hit record highs of ₹1,07,870 per 10 grams and ₹1,07,000 per 10 grams, respectively, in the national capital.

Silver also came under selling pressure, tumbling by ₹1,000 to ₹1,26,000 per kg (inclusive of all taxes). The white metal scaled a lifetime high of ₹1,27,000 per kg on Saturday (September 6, 2025).

Meanwhile, in the futures market, gold and silver rebounded sharply from early losses and hit fresh peaks.

On MCX, the precious metal futures for October delivery climbed ₹447 or 0.41%, to a record high of ₹1,08,175 per 10 grams. Similarly, December futures also advanced to breach the ₹1.09 lakh per 10-gram level by jumping ₹370, or 0.34%.

“Gold remains in the bull’s control; the price opened slightly lower in the early trade on Monday. However, it recovered from earlier losses and traded higher, supported by safe-haven demand, rate cut expectations, and a steady U.S. dollar,” said Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities.

Silver futures posted an even stronger comeback. The white metal for December delivery soared ₹1,703 or 1.36% to hit an all-time high of ₹1,26,400 per kilogram on the Multi-Commodity Exchange (MCX) on Monday (September 8, 2025).

On the global front, spot gold rose sharply by $35.11, or 1%, to hit a fresh peak of $3,621.92 per ounce. Also, Comex gold futures for December delivery rose to hit a record high of $3,662 per ounce.

“Gold extended its record-breaking rally, with spot prices breaching $3,600 per ounce and futures surpassing $3,650 per ounce, underpinned by dovish Federal Reserve expectations and a string of weak U.S. labour market data,” said Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services.

Ms. Singh further stated that the precious metal, which opened the week below $3,450 per ounce but swiftly vaulted past the previous $3,500 per ounce high, gained more than 4% in the first week of September and took year-to-date gains above 36%.

“Safe-haven flows were further amplified by escalating geopolitical risks between Russia and Ukraine, heightening concerns of a prolonged conflict,” she added.

Spot silver was trading 0.56% higher at $41.23 per ounce. Comex silver futures rose 0.67% to $41.83 per ounce in the global markets.

Renisha Chainani, Head — Research at Augmont, said, “Silver is also receiving support as the macro impulse met a tight physical market where industrial demand from solar, electric vehicles, and electronics is rising while supply remains constrained.”

Ms. Chainani further said that investors will closely monitor U.S. inflation reports (Producer Price Index and Consumer Price Index), which may determine whether the momentum of bullion prices extends toward higher levels or consolidates ahead of the Fed’s policy meeting.

Published – September 08, 2025 06:11 pm IST

New Delhi:

Gold prices have corrected sharply by 7 per cent or Rs 5,000 per 10 grams in the local markets after the government slashed basic custom duty on gold, and the lower costs will encourage more people to invest in the yellow metal, both as a commodity and as a financial asset, experts say.

Analysts said customs duty cut has made gold imports cheaper. The move will help curb the rampant issue of gold smuggling, leading to growth in the organised jewellery sector.

“The cut in basic custom duty on gold prices makes the yellow metal cheaper. While this can lead to weaker market sentiments due to the sudden change, retail investors stand to benefit from the new, more attractive pricing for gold,” Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities told PTI.

Echoing similar sentiments, Krishnan R-Director & CEO of Unimoni Financial Services said lower costs will encourage more people to invest in gold, both as a commodity and as a financial asset, which is often seen as a hedge against inflation and currency devaluation.

Following the Budget announcement by Finance Minister Nirmala Sitharaman that the government has slashed basic customs duties on gold and silver from 15 per cent to 6 per cent, gold prices crashed by Rs 3,350 to Rs 72,300 per 10 grams in the national capital on Tuesday.

The precious metal prices continued the downtrend and plunged by Rs 650 on Wednesday. The yellow metal rates saw another steep fall on Thursday, nosediving by Rs 1,000 to settle at Rs 70,650 per 10 grams, as per the All India Sarafa Association.

After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1 per cent in the past three sessions, since July 23 when it had fallen Rs 3,350 to end at Rs 72,300 per kg.

Also, gold of 99.5 per cent purity declined by Rs 1,000 to Rs 70,300 per 10 grams on Thursday. It had also lost ground by Rs 5,000 per 10 grams in the three previous sessions.

On Thursday, silver rates also lost ground by Rs 3,500 per kg to Rs 84,000 per kg. In the past three sessions, the rates of the bright metal fell sharply by Rs 7,000 or 8.3 per cent to Rs 84,000 per kg from Rs 91,000 per kg.

Traders also said that a sharp correction in gold prices have revived the demand for jewellery among consumers as they flocked to jewellery outlets to take advantage of lower prices.

“The reduction in basic custom duties have spurted the demand for jewellery in the domestic markets. Further, this will act as a sales booster for jewellers before the festive seasons, encouraging fresh buying by the consumers due to lower prices,” PC Jeweller Managing Director Balram Garg told PTI.

Low gold prices will help domestic jewellers, particularly the organised ones, Garg said.

According to MP Ahammed, Chairman, Malabar Group, the reduction has been a long-standing demand of traders in the gold sector, as it is expected to curb the rampant issue of gold smuggling, which poses a substantial threat to the Indian economy.

“With the new rates, the duty on one kilogram of gold drops from Rs 9.82 lakh to Rs 3.93 lakh, making smuggling less attractive and more manageable.

“This move will help dismantle the mafia chain involved in smuggling, leading to growth in the organised jewellery sector and increasing government revenue through GST and income tax,” Ahammed said.

Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold futures have partially recovered after three days of slump on Friday. The most traded August contract jumped Rs 288 to Rs 67,750 per 10 grams on the MCX. It had settled at Rs 67,462 per 10 grams in the previous session on Thursday.

However, silver contracts for September delivery continued its downward trend by declining Rs 241 to Rs 81,090 per kg. It had closed at Rs 81,331 per kg in the previous session on Thursday.

As per the market experts, there will be stability in bullion prices once there is clarity on several economic and political factors such as interest rate cut by the US Federal Reserve.

“Stability in gold prices is expected once there is clarity on several economic and political factors including, potential interest rate cuts in the US and India, and the outcome of the US Presidential elections will provide a clear direction for gold prices,” Jateen Trivedi said.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)