Gold Hits ₹1.35 Lakh, Silver Rockets Past ₹2.14 Lakh in Historic Rally.

Gold Hits Lifetime High, Silver Shatters Records – Investors Rush Amid Global Turmoil!

In a historic surge on Monday, December 22, 2025, both gold and silver prices in India have climbed to unprecedented levels, reflecting a perfect storm of global economic and geopolitical factors. Gold (24K) jumped RS.1,805 to reach Rs.1,35,824 per 10 grams, while silver surged Rs.7,483 to Rs.2,14,583 per kilogram on the Multi Commodity Exchange (MCX), with physical retail prices in cities like Chennai even higher, reaching around Rs.1,35,600 for gold and Rs.2,19,000 for silver including GST and making charges. 

The rally is being driven by expectations of further interest rate cuts by the US Federal Reserve, which reduce the opportunity cost of holding non-yielding assets like gold and silver, making them increasingly attractive compared to bonds, alongside a weakening US dollar that makes dollar-priced metals cheaper for international buyers and boosts global demand. Safe-haven demand has also surged amid ongoing geopolitical tensions, notably developments in Venezuela and global trade uncertainties, prompting investors to treat gold as financial insurance.

Silver, in particular, is experiencing a structural supply crunch due to rapid growth in industrial sectors such as solar energy, electric vehicles, and data centers, driving its price even higher than gold. Additionally, central banks worldwide have continued to diversify reserves away from the US dollar, providing a strong floor for gold prices.

Market analysts from leading firms, including Goldman Sachs and J.P. Morgan, suggest that the rally may not yet be over, with forecasts indicating gold could reach $4,900 per ounce, potentially pushing Indian rates toward Rs.1.5 lakh per 10 grams by late 2026, although experts caution that such rapid gains could be accompanied by short-term volatility, making the precious metals market both an opportunity and a challenge for investors in the months ahead.