The price of gold continues to rise, shining brighter than before. Recent reports show that gold prices have increased once more, with silver reaching a new all-time high, boosting overall sentiment in the precious metals market.
GOLD STABLE, SILVER REACHES HISTORIC HIGH
Both gold and silver maintained strong trading positions following a notable surge on Monday. Currently, gold is valued at Rs 1,30,631 per 10 grams, marking an increase of 0.87%, while silver is at Rs 1,77,647 per kg, showing a rise of 1.52% on MCX.
Analysts attribute the recent gains to a combination of global uncertainty and increased domestic demand, notably during the bustling wedding season when jewelry demand typically peaks.
EXPERTS FORESEE STRONG UPWARD TREND
Rahul Kalantri, VP Commodities at Mehta Equities Ltd, highlighted the ongoing positive trend for precious metals.
“Gold is poised for a fifth consecutive monthly increase; silver has achieved a new all-time high due to expectations of a Fed rate cut and profit-taking in the dollar index,” he stated.
Kalantri emphasized the favorable technical indicators for silver.
“Silver’s technical charts have recently become more bullish, attracting speculative interest in the silver market,” he observed.
He also noted that safe-haven buying strengthened following a brief pause in CME trading due to a data center issue, coupled with a weakening rupee that supported domestic prices. However, optimism regarding a potential Russia–Ukraine peace agreement may cap gains in the near future.
SILVER SURGES AHEAD OF GOLD IN 2025
This year has seen silver outperforming all expectations. Dr. Renisha Chainani, Head of Research at Augmont, highlighted the exceptional performance of the metal.
“Silver’s price nearly doubled in just 11 months, surpassing gold’s performance, despite gold being the favored commodity in 2025,” she remarked.
She added that silver’s remarkable surge has significantly outpaced gold this year.
“Over the past year, silver has surged well beyond gold, recording a 100% increase in 2025, while gold has only seen a 60% rise.”
DRIVERS BEHIND THE RALLY
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