Gold futures hit record ₹1.58 lakh/10 gram; breach $4,800 per ounce in global market

admin — Wed, 21 Jan 2026 07:19:00 +0000

According to market experts, safe-haven demand has strengthened as investors are shifting away from riskier assets. File
| Photo Credit: Getty Images/iStockphoto

Gold futures soared by ₹7,774 to scale an all-time high of ₹1,58,339 per 10 grams on Wednesday (January 21, 2026), as global prices breached the ₹$4,800 per ounce-level amid sustained demand for the safe-haven assets.

Rallying for the third straight day, the yellow metal futures for February delivery climbed by ₹7,774, or 5.16%, to touch a record of ₹1,58,339 per 10 grams on the Multi Commodity Exchange (MCX).

On Tuesday (January 20, 2026), the yellow metal extended its record-breaking run, breaching the ₹1.5 lakh per 10-gram mark in futures trade. Over the last three sessions, gold prices climbed by ₹15,822, or 11.10%, from ₹1,42,517 per 10 grams on January 16.

Silver, too, extended its upward march for the third consecutive day and hit yet another record on the MCX. The white metal futures for the March contract soared by ₹11,849, or 3.66%, to ₹3,35,521 per kilogram.

“Gold and silver prices extended their rally to fresh record highs, driven by heightened global uncertainty amid escalating trade war tensions,” Rahul Kalantri, Vice-President of Commodities, Mehta Equities Ltd, said.

According to market experts, safe-haven demand has strengthened as investors are shifting away from riskier assets.

In the international market, gold futures on the Comex breached the $4,800-per-ounce level for the first time. The yellow metal for February delivery appreciated by $113.4, or 2.4%, to $4,880.9 per ounce.

Comex silver futures for the March contract were trading 0.17% higher at $94.79 per ounce, after hitting a record of $95.53 per ounce in the previous session.

Mr. Kalantri said the sharp rise in bullion prices was driven by sell-offs in global equity markets and renewed geopolitical concerns, including U.S. ambitions toward Greenland, prompting investors to shift toward safe-haven assets.

He added that the U.S. Supreme Court’s decision to defer its verdict on the legality of Trump-era tariffs further heightened uncertainty in financial markets, while the rupee’s weakness added to domestic price gains.

The depreciation of the Indian rupee against the U.S. dollar makes gold imports costlier, pushing up local prices.

“The ongoing rally is being underpinned by strong macroeconomic drivers, including expectations of monetary policy easing by the U.S. Federal Reserve, falling bond yields and global geopolitical concerns,” an expert said.

Published – January 21, 2026 12:49 pm IST

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Gold breaches ₹1.11 lakh/10 g in futures trade as traders await key U.S. inflation data

admin — Mon, 22 Sep 2025 06:05:00 +0000

Gold prices breached the ₹1.11 lakh per 10 grams by jumping ₹799 in the domestic futures market on Monday (September 22, 2025) tracking strong global cues as investors looked ahead to key U.S. inflation data and comments from several Federal Reserve officials this week for further policy guidance.

On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed ₹799 or 0.72% to hit a record high ₹1,11,750 per 10 grams.

However, the most traded precious metal futures for October delivery appreciated ₹761 or 0.69% to ₹1,10,608 per 10 grams. Last week, it had surged to hit a fresh peak of ₹1,10,666 per 10 grams.

Silver, too, witnessed gains to hit record peaks. The white metal futures for March next year delivery rallied ₹2,446 or 1.86% to hit an all-time high of ₹1,33,582 per kilogram.

Similarly, the most traded silver futures for December delivery surged by ₹2,473, or 1.9%, to hit a fresh peak of ₹1,32,311 per kg on the MCX.

Traders said weakness in the rupee and subdued sentiment in the domestic equity markets further supported the bullion prices.

On the global front, gold futures increased by $26.82, or 0.72% to $3,732.62 per ounce. Last week, it rose to hit a lifetime high of $3,744 per ounce.

“Gold prices edged up to hover near record levels, as investors looked ahead to key US inflation data and comments from several Federal Reserve officials this week for further policy guidance,” said Jigar Trivedi, Senior Research Analyst at Reliance Securities.

Last week, the U.S. Federal Reserve delivered its first rate cut of the year and signalled further reductions ahead as the labour market weakens.

“Markets currently imply two more reductions this year, one in October and another in December, with expectations of continued monetary policy easing providing a major boost to bullion’s 40 per cent surge so far this year,” Mr. Trivedi said.

Gold has also been supported by safe-haven demand amid ongoing geopolitical tensions and concerns over the economic impact of President Donald Trump’s tariffs, alongside robust central bank buying and sustained ETF inflows, he added.

Meanwhile, silver futures for December delivery were trading 2.17% higher at $43.88 per ounce.

“Silver has been carving out a more aggressive trajectory than gold, driven by investment flows, solar panel demand and industrial use in electric vehicles, 5G infrastructure and battery storage,” said Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services.

Supply growth has been muted, leaving the market vulnerable to disruptions, she added.

Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services, projected that silver prices in the domestic market have an upside potential to test ₹1,40,000-1,50,000 per kilogram on the commodities bourse.

Published – September 22, 2025 11:35 am IST

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Gold futures hit record ₹1.58 lakh/10 gram; breach $4,800 per ounce in global market

Gold breaches ₹1.11 lakh/10 g in futures trade as traders await key U.S. inflation data