Image used for representative purpose only. , Photo courtesy: Reuters
Extending its explosive rally for the fifth straight session, silver prices rose by ₹8,951 to hit a new record high of ₹2,32,741 per kg in futures trade on Friday (December 26, 2025), as the white metal breached the $75 an ounce level in the global market.
On the Multi Commodity Exchange (MCX), silver futures for March 2026 contract jumped ₹8,951 or 4% to hit an all-time high of ₹2,32,741 per kg. The white metal has gained ₹29,176 or 14.33% since December 18.
Moreover, gold prices crossed ₹1.39 lakh per 10 grams for the first time on commodity exchanges. Marking gains for the fourth consecutive session, the yellow metal for February delivery jumped ₹1,119, or 0.81%, to hit a new high of ₹1,39,216 per 10 grams.
Commodity markets remained closed on Thursday on the occasion of Christmas.
Meanwhile, bullion prices rose as gold and silver reached their highest levels in the international market. On the Comex, futures for the yellow metal for February delivery rose $58.8, or 1.3%, to a new peak of $4,561.6 an ounce.
“Gold prices fell to around $4,500 an ounce on Friday after hitting a high of $4,530 early in the session on safe-haven demand amid rising geopolitical tensions and expectations of interest rate cuts by the US Federal Reserve,” said Jigar Trivedi, senior research analyst at Reliance Securities.
Silver futures for the March contract rose $3.81, or 5.31%, to a new high of $75.49 an ounce on Comex, rising for the fifth consecutive day. On Wednesday it closed at $ 71.68 an ounce.
Mr Trivedi said the US blockade of Venezuelan crude oil shipments, ongoing hostilities between Russia and Ukraine and Washington’s recent military strike against ISIS in Nigeria have strengthened safe-haven demand for bullion prices.
Investors are weighing the price of two quarter-point rate cuts by the Federal Reserve next year as inflation eases and labor market conditions soften, although Fed officials are divided on the path forward.
“Gold prices have surged more than 70% so far this year, their biggest annual gain since 1979, also driven by strong central bank buying and continued exchange traded fund (ETF) inflows,” he said.
According to commodity market experts, the record-setting run in bullion could continue into early 2026 as deceleration in inflation, a weak dollar and persistent geopolitical risks continue to boost safe-haven demand.
published – December 26, 2025 11:00 AM IST
