Bullion rush: Silver price in 2025 now Rs. 1.10 lakh/kg, yellow metal Rs. 58K/10 gm

Domestic gold and silver prices hit fresh records on Friday on a weaker rupee that touched a fresh low of 90.55 against the US dollar. February yellow metal futures at Rs. 2,500 or 2% per 10 g with a jump on MCX to Rs. 1,34,966 touched a lifetime high while March silver contracts traded at Rs. 2,01,388 to reach a new high of 1.2 percent or Rs. 2,446 per kg had risen.

Silver today Rs. 2 lakh mark, which he had never done before.

Commenting on the current trends, Colin Shah, Managing Director of Cama Jewellery, said the gold market continued to show strong resistance during the week as international gold held high at $4,200 an ounce, a multi-week high. “The same trend is seen in India as well, with gold rates of 24K gold at Rs 1,30,700 per 10 grams and 22K gold at a low of Rs 1,19,900,” he said.

According to him, international investors view gold as an attractive hedge instrument while domestically, demand led by the wedding season in India is an important supporting factor for jewelery demand. He said that demand is expected to be sustained through early 2026, keeping the pace of sales. “Until there are no surprises related to interest rates and currencies, gold will remain biased with a strong uptrend,” Shah added.

Anuj Gupta, Director, Ya Wealth Global Research, said, “Bullion prices rose today due to rupee weakness against the US dollar and dollar’s own weakness against a basket of major currencies.” He noted that while the dollar generally outperforms gold and silver, the rupee’s underperformance raises import prices for domestic investors, further supporting bullion.

“Silver has seen a strong rally this year on the back of safe demand, its industrial appeal and a rally in domestic prices over international markets.” “So far in 2025, silver prices are up 130%, or a whopping Rs 1,13,241,” Gupta said, adding that the metal has gained 12%, or Rs 6, in December alone, holding at 28,903.

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As for MCX Gold February futures, the December gain is now 6% or Rs. 7,856 per 10 grams while the year-to-date price increase is 75.63% or Rs. 57,972 has happened.

Trading strategy

Gupta suggests buying silver and gold.

Rs. 1,84,000 with a stop loss of Rs. Buy silver around 1,92,000-1,93,000 and Rs. 2,05,000 is the target.

Rs. 1,26,000 with a stop loss of Rs. Buy gold at 1,29,000-1,30,000 and Rs. 1,35,000 is targeted.

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)