In a historic milestone, silver topped Rs 3 lakh per kg, driven by rising safe-haven demand amid geopolitical tensions and global macro uncertainty.
Frenzied buying across multiple metals in China has stoked the gains in recent weeks, while the debasement trade, where investors avoid traditional financial assets, is also helping
Gold continues to attract premium safe-haven demand as an alternative to the dollar.
Analysts predict some profitbooking and retracement before prices move higher again.
Precious metals have rallied sharply this year, following dramatic gains in 2025, as the US seized Venezuela’s leader and then doubled down on threats to take Greenland.
On the domestic front, gold futures on the Multi Commodity Exchange (MCX) rose Rs 3,698, or 2.7 per cent, over the past week, touching a record high of Rs 1,43,590 per 10 grams on Wednesday
Next week, commodity traders will watch President Trump’s speech at the World Economic Forum in Davos for further policy signals.
Copper, zinc and aluminum all fell in Shanghai, as well as on the London Metal Exchange, which sets global benchmark prices for the commodities
The ETF is up 31.3% so far this year and has soared 210.9% in the last 12 months. Silver has set a series of new highs
Analysts predict some profitbooking and retracement before prices move higher again.
Gold pulled back sharply from its record high of $4,650 after the US President Donald Trump refrained from announcing new tariffs on imports of critical minerals, says analyst.
Gold declined on Thursday as investors booked profits after the yellow metal hit a record in the previous session.
Gold traded with strong positive momentum as geopolitical uncertainty resurfaced after peace talks between the US and Iran were reportedly cancelled, reviving safe-haven demand, says analyst.
Safe haven demand, concerns over the independence of the US Federal Reserve, escalating geopolitical tensions and renewed trade uncertainties push up prices
Brent dropped as much as 2.9% to trade below $65 a barrel after gaining about 11% over the past week while West Texas Intermediate was near $60
Frenzied buying in China across multiple metals has stoked the recent moves while investors have been seeking safe havens amid geopolitical flashpoints
The market is technically overextended after a sharp run-up, and short-term consolidation or volatility cannot be ruled out, an analyst said.
IOC and BPCL have announced a second oil discovery in an onshore Abu Dhabi block, strengthening their overseas upstream portfolio and India’s energy security.
Analyst, citing Fibonacci extension, predicts that this rally can extend further towards $84, $88, $93 and $99 in the coming few months of 2026 with strong support at $70.
Gold has decisively broken above its earlier resistance at $4,570, opening the door to higher levels, says analyst
The white metal advanced as much as 3.5% to touch $89.9965 an ounce, while gold traded near an all-time peak.
Commodity analysts argue that after a sharp rise, prices usually pause instead of crashing.
Silver’s market capitalisation sits at around of $4.822 trillion, ahead of Nivida’s $4.502 trillion, according to companiesmarketcap.com
The weakening job market combined with geopolitical risks, firmer oil prices, and rising uncertainty, have created a supportive environment for precious metals, says analyst.
Analyst says that gold fresh record highs was driven by a mix of rising geopolitical tensions and growing expectations that the US Federal Reserve will be forced to cut interest rates further.