Analysts say gold surge reflects a deepening macro and geopolitical risk premium rather than short-term speculation
Silver prices fall as dollar recovers
The price of bullion has skyrocketed is recent weeks, with the yellow metal advancing more than 20% since the start of January, despite a pullback on Friday
Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon as the dollar jumped.
Crude has rallied so far in 2026, countering expectations for a market pressured by significant oversupply
Silver gained as the US Federal Reserve left key rates unchanged in 3.50%-3.75% range amid growing tariff tensions and industrial demand
Gold is entering an overheated zone where volatility can increase, say analysts
Spot gold was up 1.4% at $5,259.78 an ounce by 09:13 a.m. ET (1413 GMT) after touching a record $5,311.31. Prices gained more than 3% in the previous session
While safe-haven demand and industrial catalysts remain supportive, experts caution that this is not the optimal entry point for fresh allocations.
Silver surged past the $115 mark, driven primarily by a sharp weakening of the US dollar and rising policy uncertainty, says analyst.
Silver futures with March expiry jumped nearly 6.5 percent to hit a fresh lifetime high of Rs 3,79,400 per kilogram on Wednesday.
Renewed geopolitical tensions have been a key trigger for prices of preious metals to go up, says analyst.
The US implementation risk of a 25 percent tariff on South Korea has intensified concerns around global trade stability, reinforcing safe-haven demand in bullion, says analyst.
A fresh wave of first-time investors, especially across Asia and Europe, is aggressively building personal holdings of gold and silver, adding structural support to prices, says analyst.
The futures price of silve is up 5.89 percent from its previous close amid rise in geopolitical tension and continued industrial demand.
As long as gold holds Rs 1,50,000, the momentum remains intact, and prices could extend towards Rs 1,65,000 in the coming sessions, says analyst.
Silver futures on MCX with March expiry jumped more than 7% to hit a fresh lifetime high of Rs 3,59,800 per kilogram.
Gold’s dramatic rally – the metal has more than doubled over the last two years – drives home bullion’s historic role as a gauge of fear in markets.
The London Bullion Market Association's annual precious metals forecast survey shows analysts projecting gold rising as high as $7,150 and averaging $4,742 in 2026.
Gold is likely to stay on an upward path supported by safe-haven demand, central bank buying, and easing policies.
Gold’s dramatic rally – the metal has more than doubled over the last two years – drives home bullion’s historic role as a gauge of fear in markets.
ETFs remain effective instruments when price discovery is orderly. When it is not, outcomes become uneven — even in rising markets. So, participating in a bull market is not only about choosing the right asset. It is also about ensuring that the chosen instrument allows the investor to actually receive the return the asset delivers.
With Iran warning that any attack would be treated as “all-out war,” markets remain alert to the risk of disruptions through the Strait of Hormuz, which carries roughly 20% of global crude flows.
Commodity analysts advise investors not to chase the rally blindly.
Spot silver surged as much as 4.2% to $100.29 an ounce on Friday, bringing gains this year to almost 40% after prices more than doubled in 2025