Gold Price Today / Gold Hits All-Time High of Rs 1,35,496 Per 10 Grams in Futures Market

Precious Metals Witness Historic Surge Monday marked a significant day for precious metals in the. Indian futures market, with both gold and silver registering substantial gains. Gold, in particular, soared to an unprecedented all-time high, reflecting a strong investor sentiment and increasing demand for safe-haven assets amidst global economic uncertainties. This upward trajectory wasn't confined to domestic markets alone, as international exchanges. Also reported strong performances for both gold and silver, indicating a widespread bullish trend.

Gold Reaches New All-Time High in Futures Trading

On the Multi Commodity Exchange (MCX), gold for February delivery witnessed a sharp increase of Rs 1874, propelling its price to an all-time high of Rs 1,35,496 per 10 grams. This represents a notable gain of 1. 4 percent in a single trading session. Over the past week, gold futures prices have collectively surged by Rs 3160, or 2. 42 percent, underscoring a strong buying interest and sustained upward momentum in the market. This consistent appreciation positions gold as an attractive investment, especially when other asset classes exhibit volatility.

International Gold Markets Reflect Strength

The strength in gold prices was mirrored in international markets as well. On COMEX, gold for February delivery climbed by $52. 2 (1. 21 percent) to reach $4380, while 5 per ounce. The previous week had already seen a significant rise of $85. 3 (2. 01 percent) on COMEX, while this global rally is indicative of heightened demand for gold and its strengthening position against the dollar. International trends often influence domestic prices, and this worldwide surge has been a primary driver behind the increase in gold prices in the Indian market.

Silver Shines with Substantial Gains

Alongside gold, silver futures prices also experienced a strong upward movement on Monday. On MCX, silver for March 2026 delivery surged by Rs 5255 (2. 72 percent) to settle at Rs 1,98,106 per kilogram. However, this figure remained slightly below its all-time high of Rs 2,01,615 per kilogram recorded on Friday. The preceding week had seen a remarkable jump of Rs 9443 (5. 15 percent) in silver prices, highlighting solid demand and a positive market sentiment for the white metal.

Factors Fueling Silver's Remarkable Ascent

Jigar Trivedi, Senior Research Analyst at Reliance Security, attributed silver's more than 100 percent year-on-year increase to several key factors. He highlighted limited stock availability and solid industrial demand from sectors. Such as solar energy, electric vehicles, and data centers as primary drivers. Also, strong investments in Exchange Traded Funds (ETFs) and sustained retail purchasing have also provided significant support to silver prices. These combined factors underscore silver's versatility and increasing value across various industrial applications.

Global Economic Events to Dictate Market Direction

Manav Modi, Commodity Analyst at Motilal Oswal Financial Services Limited, emphasized that several crucial global economic developments this week are poised to influence market direction. These include statements from the Federal Reserve, preliminary PMI data for the manufacturing and service sectors, US employment-related data, and the Consumer Price Index (CPI) data, while these factors collectively have the potential to impact the volatility and future trajectory of commodity markets, including gold and silver, advising investors to remain vigilant.

Outlook and Expert Recommendations

Market experts currently foresee a bullish trend for both gold and silver but advise close monitoring of global economic indicators, while the Federal Reserve's monetary policy, inflation figures, and industrial production trends will directly impact the prices of these precious metals. Investors are encouraged to carefully analyze these factors and make informed decisions,. As market volatility is expected to persist in the short to medium term.