The domestic commodity market (MCX) opened 2026 on a mixed note. Gold prices slipped marginally in early trade on January 1 due to profit booking. Meanwhile, silver prices remained firm, supported by strong industrial demand.
MCX Gold and Silver Prices Today (9:15 AM)
On the MCX, February gold futures declined by 0.07% and traded at ₹1,35,350 per 10 grams. A stronger US dollar put mild pressure on gold prices.
At the same time, March silver futures gained 0.17% and traded at ₹2,36,108 per kg. Rising demand from industrial sectors continued to support silver.
2025: A Dream Year for Gold and Silver Investors
The year 2025 turned out to be extraordinary for precious metal investors. Both gold and silver delivered massive returns.
Gold Performance in 2025
On December 31, 2024, gold was priced at ₹75,913 per 10 grams. By December 31, 2025, it surged to ₹1,32,640. This marks a gain of nearly 75% in just one year.
Silver Performance in 2025
Silver outperformed gold by a wide margin. At the end of 2024, silver traded at ₹85,851 per kg. By the end of 2025, it jumped to ₹2,29,452 per kg, delivering an impressive 167% return.
Why Did Gold and Silver Prices Rise?
Several global factors supported the rally in precious metals.
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Interest Rate Cuts: The US Federal Reserve reduced interest rates. Markets also expect further cuts. This boosted gold prices.
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Global Uncertainty: Ongoing geopolitical tensions pushed investors toward safe-haven assets like gold.
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Industrial Demand: Growing use of silver in electric vehicles, solar panels, semiconductors, and data centers drove prices sharply higher.
Outlook for 2026
Although gold prices dipped slightly today, experts believe the long-term outlook remains positive. Continued central bank buying and expectations of rate cuts may keep gold prices supported in 2026.
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