Fri Dec 26 04:30:00 UTC 2025: ## Gold and Silver Surge to Record Highs on MCX, Driven by Global Factors

Mumbai, India – Gold and silver futures contracts on the Multi Commodity Exchange of India (MCX) reached new record highs on December 26th, fueled by a rally in COMEX trading. The surge is attributed to a weakening US dollar, increased safe-haven demand, and other global factors impacting the precious metals market.

A weaker dollar makes gold more attractive to investors holding other currencies, consequently boosting demand. Several factors are contributing to the rising gold prices, including expectations of US interest rate cuts and further monetary policy easing, geopolitical uncertainties, strong central bank demand, and increased holdings in exchange-traded funds. Notably, major countries are reportedly seeking to reduce their reliance on US securities and the dollar, further driving gold demand.

Silver has outperformed gold this year, gaining 158% year-to-date and surpassing $75. This surge is driven by silver’s supply shortage, its inclusion on the US list of critical minerals, and robust industrial demand.

On the geopolitical front, the White House has reportedly instructed the US military to focus almost entirely on enforcing a quarantine on Venezuelan oil for at least the next two months.

Expert Recommendations:

Commodity expert Manoj Kumar Jain of Prithvi Finmart recommends a “buy” strategy for both gold and zinc contracts on the MCX:

  • MCX GOLD (FEB): Buy around ₹137700 with a stop-loss at ₹136500 and a target price of ₹140000.
  • MCX ZINC (JAN): Buy around ₹303 with a stop-loss at ₹300 and a target price of ₹309.

Defense Stocks in Focus:

The market’s attention is also focused on defense stocks today, due to an important meeting of the Defense Acquisition Council.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol advises users to consult with certified experts before making any investment decisions.

Read More