In 2025, gold soared 70%, marking its greatest annual improve since 1979. Picture credit score: Reuters
Gold and silver costs dominated document beneficial properties on Tuesday (December 23, 2025) as traders piled into safe-haven property on rising geopolitical tensions and rising expectations for rate of interest cuts from the US Federal Reserve subsequent yr.
Each metals continued to interrupt information, setting new information in each home and worldwide markets.
On the Multi Commodity Trade (MCX), gold futures for February supply rose to Rs 1,637 (1.2%), hitting a brand new document excessive of Rs 1,38,381 per 10 grams, marking the second consecutive session of beneficial properties. Equally, silver futures maintained their upward momentum for the third consecutive day. The white metallic for March 2026 contract rose by Rs 3,724 or 1.75% to a document excessive of Rs 2,16,596 per kg.
In the meantime, within the worldwide market, Comex gold futures for February supply rose $61.4 (1.37%) to a brand new excessive of $4,530.8 per ounce.
“Gold costs hit a brand new document of over $4,480 an oz, marking the fiftieth time this yr, on expectations of easing US financial coverage and rising geopolitical tensions,” stated Jigar Trivedi, senior analysis analyst at Reliance Securities.
Market contributors are at present pricing in two quarter-point price cuts by the Federal Reserve subsequent yr on indicators of easing inflation and a cooling labor market. Moreover, on the Comex market, silver futures breached the $70 mark for the primary time, rising $1.59 (2.32%) to a brand new document of $70.15 per ounce.
Trivedi added that traders’ consideration will probably be centered on the second estimate of third-quarter GDP knowledge to be launched later within the day, which may present additional perception into the well being of the U.S. financial system and the seemingly path of the Fed’s financial coverage outlook. Escalating tensions between the US and Venezuela have additionally elevated demand for secure bullion. This got here after Washington tightened its naval blockade of the area, seizing a second oil tanker and monitoring a 3rd on Saturday.
Gold costs have soared 70% this yr and are on observe for his or her greatest annual achieve since 1979. “This rally has additionally been sustained by robust central financial institution purchases and sustained ETF inflows,” he stated.
