Gold and silver prices have seen a recent surge. Gold has surpassed the ₹150,000 per 10 grams mark, and silver is now trading above ₹300,000 per kilogram. Both have recorded record increases in price over the past few days…
Gold and silver prices have recently seen a surge. Gold has surpassed the ₹150,000 per 10 grams mark, and silver is now trading above ₹300,000 per kilogram. Both have seen record increases in price over the past few days. Commodity experts believe this strength may continue in the future. Rising geopolitical tensions globally are further fueling this surge.
Upcoming Targets and Future Predictions
According to experts, gold prices could reach ₹200,000 per 10 grams by the end of this year. GlobalData estimates that gold prices could range between ₹175,000 and ₹195,000 per 10 grams by the end of 2026. Silver is expected to reach ₹380,000 and ₹460,000 per kg. Experts say that rising investment demand and geopolitical tensions are helping to maintain this trend. Furthermore, based on past records, it’s possible that gold could surpass ₹200,000 and silver ₹400,000 within the next few months.
Current Situation:
The current price of gold on MCX is ₹1,53,116 per 10 grams. The price of silver is ₹3,16,501 per kg. Compared to the previous trading session, the price of silver has fallen by approximately ₹16,000. Yesterday, it was trading at ₹3,33,150 per kg. However, such a decline in silver prices is not a major concern as historically, this metal can also show a sudden sharp rise. Prices are expected to strengthen further due to increased demand and limited supply.
Reasons for Strength and Future Outlook
According to GlobalData, gold prices could rise by 30% to 45% from current levels. Internationally, gold could reach $6,100 to $6,700 per ounce. Domestically, it is expected to reach ₹175,000 to ₹195,000 per 10 grams. Silver prices are expected to rise even more. Silver could rise by 87% to 135% to $175 to $220 per ounce, taking its price in India to ₹380,000 to ₹460,000 per kg.
Experts say global tensions and policy uncertainties are helping to keep gold and silver trends strong. For example, the growing tension between the US and Europe over Greenland remains unresolved, which holds the potential for further upside for these metals.
PC:Punjab Kesari
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