Gold Rates In India Stuns With Spellbinding Record Rally; Silver Rate Crosses Rs 2.5 Lakh; 24K, 22K, 18K Gold Prices Outlook Next Week

News

oi-Staff

Gold
rates
in
India
have
touched
back-to-back
fresh
all-time
highs
for
the
sixth
consecutive
day,
and
December
27th
is
no
different.
The
10-gram
gold
price
has
crossed
Rs
141,000
mark
in
24
carat,
while
the
rate
is
nearing
the
Rs
130,000
level
in
22
carat.
Overall,
in
December,
gold
prices
are
up
by
more
than
7%.
Meanwhile,
silver
witnessed
even
greater
upside,
with
the
1
kg
rate
crossing
Rs
2.5
lakh
mark.
The
bullish
trend
in
these
two
precious
metals
continues
to
be
intact!

Gold
rates
in
India
touched
a
new
all-time
high
of
Rs
1,41,220
per
10
grams
in
24
carat
on
December
27,
recording
an
upside
of
Rs
1,200
from
previous
day.
The
same
10
grams
price
soared
by
Rs
1,100
to
Rs
1,29,450
in
22
carat
and
climbed
by
Rs
900
to
Rs
1,05,920
in
18
carat.

Meanwhile,
100
grams
gold
price
jumped
massively
by
Rs
12,000
to
Rs
14,12,200
in
24
carat,
rose
by
Rs
11,000
to
Rs
12,94,500
in
22
carat
and
was
higher
by
Rs
9,000
to
Rs
10,59,200
in
18
carat.

Gold
Prices
In
India
Performance
In
Past
10
Days:

Apart
from
Rs
12,000
surge
in
100
grams
of
24
carat
on
December
27,
the
same
gold
was
up
by
Rs
7,700
on
December
26,
higher
by
Rs
3,200
and
Rs
3,800
on
December
25th
and
December
24th
respectively.
This
gold
reported
a
huge
climb
of
Rs
24,000
on
December
23rd
after
rising
by
Rs
19,700
on
December
22nd.
Hence,
gold
prices
have
been
on
the
surge
for
six
consecutive
days.

Gold
prices
were
unchanged
on
December
21st
and
20th.
But
in
the
past
10
days,
the
only
time
gold
dropped
was
on
December
19th
to
the
tune
of
Rs
6,600
in
100
grams.
Prior
to
this,
gold
was
up
by
Rs
3,300
on
December
18th.

On
Saturday,
silver
rates
continued
to
outshine
gold.
1Kg
gold
price
surged
by
Rs
11,000
to
Rs
2,51,000,
while
100
grams
and
10
grams
silver
jumped
by
Rs
1,100
and
Rs
110
to
Rs
25,100
and
Rs
2,510
respectively.

Silver
beats
gold
in
December
with
an
upside
of
nearly
28%
in
the
month
so
far.

MCX
Gold
Price
+
MCX
Silver
Price

MCX
gold
price
with
February
2026
expiry,
closed
at
Rs
1,39,940
per
10
grams
on
Friday,
higher
by
Rs
67
or
0.05%.
This
comes
after
the
bullion
hit
a
new
all-time
high
of
Rs
1,40,465
per
10
grams
during
the
session.

Additionally,
MCX
silver
price
soared
by
Rs
1,334
or
0.55%
to
end
at
Rs
2,41,696
per
1Kg
on
December
26th,
after
touching
a
new
peak
of
Rs
2,42,500.

Gold
&
Silver
Prices
Outlook
Next
Week:

According
to
Ponmudi
R,
CEO
of
Enrich
Money,
here’s
how
gold
and
silver
prices
could
perform
in
India
and
globally
next
week.

Gold
Price
Outlook:

MCX
Gold
futures
closed
firmly
at
Rs1,39,940
per
10
grams,
extending
the
record
rally
as
safe-haven
demand
and
sustained
investment
flows
remained
strong.
Price
action
continues
to
respect
the
rising
channel,
with
every
dip
attracting
fresh
buying
interest,
underscoring
the
strength
of
the
underlying
trend.
Strong
support
is
placed
in
the
Rs1,37,000-Rs1,35,000
zone,
which
is
expected
to
cushion
any
near-term
correction.
A
decisive
move
above
Rs1,40,000
could
open
the
door
for
a
fresh
leg
higher
toward
Rs1,42,000-Rs1,45,000,
aided
by
supportive
rupee
dynamics
and
persistent
global
uncertainty.
The
structural
bull
market
in
gold
remains
firmly
intact.

Silver
Price
Outlook:

MCX
Silver
extended
its
sharp
advance
to
Rs2,40,935
per
kg,
registering
a
steep
rise
of
nearly
Rs30,000
over
the
past
week
and
scaling
fresh
lifetime
highs
in
line
with
global
cues
and
supply
constraints.
The
broader
rising
channel
continues
to
support
the
move,
reinforcing
the
strength
of
the
trend.
Immediate
support
is
placed
at
Rs2,23,000-Rs2,20,000,
which
is
likely
to
attract
buying
interest
on
any
correction.
A
sustained
hold
above
Rs2,40,000
could
accelerate
the
rally
toward
Rs2,50,000-Rs2,60,000
in
the
coming
months.
Strong
fundamentals,
including
rising
industrial
demand
combined
with
persistent
supply
deficits,
continue
to
favour
a
buy-on-dips
approach
into
2026.

Spot
Gold
Price
Outlook:

COMEX
gold
surged
to
fresh
record
highs
near
$4,584
per
ounce
before
settling
at
$4,562,
consolidating
comfortably
above
the
critical
$4,500
mark
amid
strong
underlying
momentum.
Investor
sentiment
remains
firmly
constructive,
with
the
breakout
structure
well
supported
by
continued
central
bank
accumulation,
heightened
demand
for
hedging
against
geopolitical
risks
and
global
macro
uncertainty,
and
growing
expectations
of
easier
monetary
conditions
ahead.
The
$4,500-$4,400
zone
now
serves
as
a
robust
support
base,
and
as
long
as
prices
hold
above
this
band,
the
broader
trend
remains
decisively
bullish.
A
sustained
move
above
$4,600
could
open
the
door
for
an
extension
toward
$4,800-$5,000
into
2026,
reinforcing
gold’s
role
as
a
core
portfolio
hedge
in
an
uncertain
global
environment.

Disclaimer:
The
views
and
recommendations
expressed
are
solely
those
of
the
individual
analysts
or
entities
and
do
not
reflect
the
views
of
Goodreturns.in
or
Greynium
Information
Technologies
Private
Limited
(together
referred
as
“we”).
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information
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and
educational
purposes
only
and
should
be
independently
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advisors
before
making
any
investment
decisions.

Credit:

Goodreturns