The prices of gold and silver in India are poised to hold their ground in the coming week, according to market analysts. This outlook comes as traders globally brace for a significant verdict on US tariffs, which is expected to influence precious metal trends. The domestic market has already witnessed a strong upward movement in the past week.
Weekly Rally on the Multi Commodity Exchange
On the domestic front, gold futures traded on the Multi Commodity Exchange (MCX) recorded a substantial gain over the past week. The contracts climbed by a notable Rs 3,058, which translates to a 2.25% increase. This rally culminated in a settlement price of Rs 1,38,819 per 10 grams on Friday, 11 January 2026.
Key Driver: Anticipation of US Tariff Decision
Analysts point to the impending US tariff verdict as the primary factor that traders are monitoring closely. Decisions on trade tariffs can have far-reaching effects on global economic sentiment, currency movements, and safe-haven demand. In times of geopolitical or trade uncertainty, investors often flock to precious metals like gold and silver, viewing them as reliable stores of value. This anticipation is creating a supportive floor for prices, preventing any sharp corrections for now.
Market Outlook and Trader Sentiment
The current analyst consensus suggests a firm to bullish bias for gold and silver prices in the immediate term. The market sentiment is cautiously optimistic, with the upward momentum from the past week likely to extend if the global cues remain supportive. Traders are advised to watch for the official US announcement, as it will set the tone for international commodity markets. Any escalation in trade tensions could trigger another wave of buying in safe-haven assets, while a resolution could lead to profit-booking.
In summary, the Indian commodity market has started the year 2026 with strength in precious metals. The combined effect of a strong weekly performance and a major pending economic decision from the United States is creating an environment where prices are expected to stay resilient in the near future.
