Gold and silver prices slipped in early trade on Thursday as investors pulled back after both metals hit record highs the day before. On the Multi Commodity Exchange (MCX), gold futures for December delivery fell 0.34 % to ₹1,22,789 per 10 grams, while silver futures slid 0.75 % to ₹1,48,738 per kilogram.
The dip follows a strong rally this year, when domestic spot gold jumped more than 50 % from the start of the year. Last week, gold topped ₹1,23,450 per 10 grams for the first time, and silver hit a new peak at ₹1,50,282 per kilogram.
Analysts say the rally is driven by global uncertainty, the U.S. Federal Reserve’s expectation of lower rates, a weaker dollar, and big inflows into gold‑ETF funds. Even with short‑term volatility, experts expect gold to continue climbing. Many forecast that by the end of 2025, gold could cruise above ₹1,25,000 per 10 grams, with silver potentially reaching ₹1,55,000–₹1,60,000 per kilogram, if the Fed cuts rates and the dollar stays weak.
Gold broke the $4,000 mark per ounce last year, rising 53 % year‑over‑year—an indicator that investors still view it as a safe haven amid U.S. policy uncertainty and the recent government shutdown.
Other commodity prices moved in the same breath. The Dollar Index rose to 98.90 after political tensions in France and Japan weighed on market sentiment. Oil slipped 0.67 %, trading at $62.13 a barrel, as President Trump announced progress on a ceasefire and inventories were higher than expected, easing geopolitical risk premiums.
These shifts underline how global politics, central bank actions, and market sentiment intertwine to shape commodity prices in India and worldwide.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
