Is Gold Approaching Rs 1.4 Lakh? Silver Reaches All-Time High!
Synopsis
Key Takeaways
- Gold prices are nearing Rs 1.4 lakh, marking an unprecedented rise.
- Silver has reached record highs, up 167% this year.
- Market dynamics are influenced by geopolitical tensions and economic uncertainties.
- Other precious metals like platinum and palladium are also climbing.
- Investor demand for safe-haven assets is a key driver of these trends.
Mumbai, Dec 26 (NationPress) The price of gold has continued to climb for the fourth consecutive session, achieving new all-time highs in both the domestic and international markets. This surge is driven by investors flocking towards safe-haven assets, fueled by anticipated US interest rate cuts and escalating geopolitical tensions.
On the Multi Commodity Exchange (MCX), gold futures for February delivery increased by another 1 percent, reaching a historic high of Rs 1,39,550 per 10 grams, inching closer to the Rs 1.4 lakh threshold.
This marks the fourth day in a row that gold has set new records. Prices have surged approximately 10 percent this month alone and have skyrocketed by an astounding 81 percent in 2025.
Silver prices have also followed suit, with March silver futures on MCX soaring by Rs 11,457 per kilogram, or 5.1 percent, hitting an unprecedented high of Rs 2,35,247.
This increase reflects a remarkable 167 percent gain for silver this year.
Internationally, the momentum is equally pronounced. Spot gold reached a new peak of $4,530.60 per ounce, while spot silver exceeded the $75 mark for the first time, recording $75.64.
Other precious metals experienced similar uptrends. Spot platinum surged by 9.3 percent to $2,465.20 per ounce after hitting an all-time high earlier in the day.
Palladium also saw significant gains, increasing by 8.6 percent to $1,942 per ounce, following a three-year peak in the previous session.
All major precious metals are set to achieve weekly gains, with platinum experiencing its strongest weekly growth ever.
Experts suggest that the price rises in platinum and palladium, widely utilized in automotive catalytic converters, are due to tight supply conditions, uncertainties regarding tariffs, and a shift in some investment demand away from gold.
This year alone, platinum prices have climbed roughly 170 percent, while palladium has appreciated by over 90 percent.