News

Gold prices continued their strong rally on Wednesday, gaining Rs 2,600 to hit a fresh lifetime high of Rs 1,26,600 per 10 grams in Delhi’s bullion market.

This marked the third straight day of gains, with the yellow metal adding nearly Rs 6,000 in just three sessions amid strong global cues and heightened geopolitical uncertainties triggered by the prolonged shutdown of the US government.

According to the All India Sarafa Association, gold of 99.9 per cent purity had settled at Rs 1,24,000 on Tuesday after climbing Rs 700, following a sharp surge of Rs 2,700 on Monday.

Add Zee Business as a Preferred Source

On Wednesday, gold of 99.5 per cent purity also touched an all-time high of Rs 1,26,000 per 10 grams (inclusive of taxes).

So far in 2025, gold prices have soared by Rs 47,650, or 60.35 per cent, from Rs 78,950 per 10 grams on December 31, 2024.

: Silver outshines gold! MCX white metal futures cross Rs 1.5 lakh mark for 1st time as global benchmark zooms past $49/ounce​

Silver prices also rallied sharply, jumping Rs 3,000 to Rs 1,57,000 per kilogram on Wednesday. The white metal had ended at Rs 1,54,000 per kg in the previous session.

Earlier this week, silver had touched a record peak of Rs 1,57,400 per kg.

Year-to-date, silver prices have skyrocketed by Rs 67,300, or 75.03 per cent, from Rs 89,700 per kg at the end of December 2024.

On the futures market, silver December contracts on the Multi-Commodity Exchange (MCX) surged by Rs 3,346 or 2.3 per cent to Rs 1,49,138 per kg. The March 2026 contract also touched a fresh high of Rs 1,50,675 per kg.

Internationally, spot gold surged nearly 2 per cent to a record USD 4,049.59 per ounce, while silver rose over 2 per cent to USD 49.07 per ounce.

Comex gold futures for December delivery jumped almost 2 per cent to a fresh peak of USD 4,071.50 per ounce, while silver futures hit USD 48.83 per ounce.

This marks the first time since 2011 that silver has crossed USD 49 per ounce, while gold has breached USD 4,050 per ounce for the first time ever.

Strong central bank buying and sustained inflows into gold-backed exchange-traded funds (ETFs) are fueling the rally.

According to the World Gold Council, Indian gold ETFs saw net inflows worth USD 902 million in September 2025, a 285 per cent jump from USD 232 million in August.

This was the fourth consecutive month of inflows, with all months of 2025 (except March and May) recording positive traction.

Manoj Kumar Jain, Prithvi Finmart, said, “Gold and silver gained in a highly volatile session amid safe-haven buying. Strength in the dollar index could limit upside in the short term. Some profit-taking is visible at current levels, but corrections can be viewed as buying opportunities from a longer-term perspective.”

He expects gold to trade in the range of USD 3,910–4,140 per ounce globally, with support at USD 4,030–3,994 and resistance at USD 4,088–4,120.

Silver is expected to move between USD 45.90–50.00 per ounce, with support at USD 48.40–47.70 and resistance at USD 49.20–49.60.

On the MCX, Jain pegs gold support at Rs 1,22,400–1,21,650 and resistance at Rs 1,24,000–1,24,800. For silver, support lies at Rs 1,47,000–1,48,500, with resistance at Rs 1,51,500–1,52,800.

He advises traders to wait for corrective dips before entering fresh long positions and to avoid short selling.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Anubhav Maurya

...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.