Gold and silver prices rose in Mumbai, supported by a weaker US dollar and falling crude oil. MCX gold held above ₹1,59,000 with resistance near ₹1,60,000, while silver surged past ₹2,76,000 amid geopolitical uncertainty and safe-haven demand
Gold and silver prices were highly volatile this week amid easing global trade tensions, stronger US economic data, and fading hopes of a December Fed rate cut. Gold fluctuated sharply on MCX, while silver ended lower despite broader bullish sentiment
Gold prices have surged over 50 per cent in 2025, hitting USD 4,000, driven by Asian demand, central bank purchases, and safe-haven buying. Slower mine output and strong domestic imports in India and China are fueling the steepest rally since the 1970s
Gold prices hit a record high of ₹1,05,937 per 10 grams on MCX, driven by global bullish sentiment, festive demand, and US rate cut expectations. Comex gold also soared to a lifetime high, further fueling domestic market momentum
Silver has recently delivered strong performance, rising over 40% year-to-date and surpassing ₹100,000 domestically, driven by safe-haven buying and solid industrial demand, according to a report by Motilal Oswal Financial Services Ltd (MOFSL).
