Gold and silver prices jumped to unprecedented levels on Monday, fueled by robust safe-haven demand and rising expectations that the US Federal Reserve will continue easing monetary policy.
Spot gold scaled a new lifetime peak of $4,383.73 per ounce amid ongoing geopolitical tensions, trade-related uncertainties and growing confidence that interest rates will remain on a downward path. So far in 2025, gold has rallied about 67%, underscoring elevated global risks and persistent investor preference for defensive assets.
Silver followed the momentum, registering fresh record highs across both domestic and overseas markets, supported by strength in gold, analysts noted.
The surge came after the US Federal Reserve delivered its third interest rate reduction of 25 basis points this year. Adding to the bullish sentiment, US consumer inflation cooled to 2.7% year-on-year, strengthening market expectations that further rate cuts could be on the table in 2026.
From a technical perspective, analysts have been quoted in the media seeing international gold finding support between $4,320 and $4,285, while resistance is placed in the $4,400–$4,425 zone. Silver support is estimated at $66.40–$65.75, with resistance around $67.20–$68.00.
In domestic markets, gold prices are supported in the Rs. 1,33,550–Rs.1,33,010 range, while resistance is seen between Rs.1,35,350 and Rs.1,35,970. Silver has support at Rs.2,07,450–Rs. 2,06,280, and resistance at Rs. 2,09,810–Rs. 2,10,970.
Experts cautioned that any sharp strengthening of the US dollar could cap further upside in gold prices. However, they believe persistent geopolitical tensions and steady purchases by central banks should continue to underpin the metals over the longer term.
Yes Bank has been quoted in media reports noting that elevated risk premiums linked to global uncertainty have prompted central banks to keep adding to their gold reserves, a trend that could remain a structural positive for prices.
Meanwhile, MCX Silver futures stayed aligned with global cues, holding above the crucial Rs. 2,07,800 breakout mark. Analysts said as long as this level is sustained, near-term targets of Rs. 2,10,000–Rs. 2,13,000 remain achievable, with any short-term declines likely to attract fresh buying rather than signal a change in trend.
Also Read: Market Correction Brings Reality Check In Gold, Silver Prices https://www.vibesofindia.com/gold-prices-dip-a-bit-in-india/
