Gold created history, crossed ₹ 1.42 lakh for the first time in the international market; Why did prices rise? How much more will prices increase?
Gold Silver Price Hike Today: Gold once again created history. In the international market, gold crossed $ 4,500 (about Rs 4,03,847) per ounce (28.34 grams) for the first time. If seen in Indian rupees, this price has increased to Rs 1,42,500 (gold price hike) per 10 grams. The main reason for this surge is the increasing geopolitical tension regarding Venezuela and the expectation of further reduction in interest rates in America.
Spot gold rose about 0.11% to $4,510.60 an ounce, while hitting a record high of $4,555. The US blockade of Venezuelan oil tankers, increase in military activities in the Caribbean region and strict warnings from President Donald Trump have turned investors towards safe investment i.e. gold.
Along with this, the market expects that the US Federal Reserve may reduce interest rates next year also. Low interest rates are considered beneficial for non-interest bearing assets such as gold.
What are the latest rates of gold and silver on MCX? gold silver rate mcx
On Multi Commodity Exchange (MCX) till 2.15 pm on Wednesday, December 24, gold with expiry of February 5, 2026 rose by 0.39 percent and became costlier by Rs 532 as compared to the previous day. Till the time of writing the news, it was trading at Rs 1,38,417. During this period, gold touched a high level of Rs 1,38,676 (gold rate today) and remained at a low level of Rs 1,38,085. During the last trading session it had closed at Rs 1,37,885.
Talking about silver, it once again reached its all-time high record. Silver gained 1.42 percent and the price increased by Rs 3110 to Rs 2,22,763 per kg (silver rate today). Its high level was Rs 2,24,300 (silver all time high) and while its low level was Rs 2,21,000. Last day it had closed at Rs 2,19,653.
Also read- Gold Price Target 2026: How expensive will gold become next year, invest or not? Ajay Kedia gave this much target
Record rise in gold and silver (gold silver price hike)
Gold has risen by more than 70% so far this year, while silver has risen by a whopping 150%. Both metals are headed for their best annual performance since 1979. The main reasons behind this are continuous purchases by central banks and strong investment in gold ETFs. According to the World Gold Council, investment in gold-backed ETFs has increased every month this year except May.
Is there still momentum left?
John Feeney of Guardian Vaults says, "Physical demand for both gold and silver is strong and sensitivity to macro risk has increased. This rally is not speculative, but based on confidence." Gold has recovered sharply after a slight fall from $4,381 in October, indicating further strength.
What is Goldman Sachs' forecast?
According to Golman Sachs, many big banks, including Gold, believe that gold can go up further by 2026. Goldman's base-case estimate is $4,900 an ounce, with upside risks.
Silver and platinum also on record
Silver crossed $70 for the first time and made a record of $72.70. Platinum rose above $2,300, its highest level since 1987.
Investment opportunity or caution?
Gold is still considered a safe option for long-term investors, especially in the uncertain global environment. However, short-term fluctuations are possible at such high levels, so a phased investment may be a safer strategy.
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