Gold and silver prices hit record highs today, mirroring strong global trends driven by rising expectations of interest rate cuts by the US Federal Reserve and increased demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold prices surged 1.21 percent to ₹1,35,824 per 10 grams, while silver jumped 2.67 percent to a lifetime high of ₹2,13,999 per kg.
In the international market, gold crossed the $4,400 per ounce mark for the first time, and silver climbed 3.3 percent to a record $69.44 per ounce. Bullion prices have risen nearly 67 percent so far this year, marking their strongest annual performance since 1979. Silver has outperformed gold significantly, gaining about 138 percent year-to-date, supported by strong investment demand and ongoing supply shortages.
Analysts attribute the rally to geopolitical uncertainties, steady central bank purchases, and expectations of lower interest rates. A weaker US dollar has further boosted prices by improving affordability for global buyers. While seasonality remains supportive, experts caution that year-end profit booking could trigger volatility as trading volumes thin.
