The new year has begun with a glittering performance for precious metals, as silver and gold prices surged in both domestic and international markets. Driven by robust global signals and fresh investment flows, the sector is building on the record-breaking gains of the previous year.
Silver Steals the Show with Sharp Gains
Silver emerged as the standout performer, leading the charge upwards. On the Multi Commodity Exchange of India (MCX), silver futures witnessed a significant jump. The price climbed by a notable 1.9%, which translates to a hefty rise of ₹4,600. This surge pushed the trading value to ₹2,40,500 per kilogram.
The momentum was equally strong in the international arena. Spot silver prices advanced by 2.1 percent, reaching USD 72.75 per ounce. This upward move follows an extraordinary week where the metal had touched a historic peak of USD 83.62 per ounce. The rally caps off a phenomenal year for silver, which concluded 2025 with an astonishing 147 percent gain, marking its strongest annual performance ever recorded.
Gold Prices Also Move Higher
Gold, the traditional safe-haven asset, also posted solid gains, riding the wave of positive sentiment. In the international spot market, gold prices increased by 0.8% to settle at USD 4,346.69 per ounce. The trend was mirrored in the futures market, where US gold futures registered a 0.5% gain, trading at USD 4,360.60 per ounce.
Market Drivers and Future Outlook
The firm opening for precious metals in 2026 is attributed to a combination of strong global cues and renewed interest from investors seeking value and security. The staggering rally in 2025 has set a bullish backdrop, encouraging continued participation. Analysts are closely watching several factors that could influence the trajectory in the coming weeks:
- Global Economic Data: Upcoming reports on inflation and growth from major economies.
- Geopolitical Climate: Ongoing international tensions that often boost demand for safe-haven assets.
- Currency Movements: Fluctuations in the US dollar, which inversely affect dollar-denominated commodities like gold and silver.
The current price action suggests that the bullish sentiment for precious metals, particularly silver, remains intact as the new trading year gets underway. Market participants will be monitoring whether this initial strength can be sustained, building upon the historic gains of the previous year.
