Fri Dec 26 04:30:00 UTC 2025: ## Gold and Silver Soar to Record Highs on MCX Amid Global Uncertainty

Mumbai, December 26th – Gold and silver futures contracts on the Multi Commodity Exchange of India (MCX) reached new record highs today, spurred by a rally on COMEX due to a weakening dollar and increasing safe-haven demand.

The weakening dollar makes gold more attractive for buyers holding other currencies, further fueling the demand. Several factors contributed to the surge in gold prices, including expectations of US interest rate cuts and further monetary easing, geopolitical uncertainties, strong central bank demand, and increased holdings in exchange-traded funds. Notably, major countries are increasingly seeking to distance themselves from US securities and the dollar, driving up demand for gold as an alternative.

Silver has significantly outperformed gold this year, surging by 158% and exceeding $75. This rally is attributed to silver scarcity, its inclusion on the US list of essential minerals, and robust industrial demand.

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

Analysts Suggest Bullish Outlook

Commodity expert Manoj Kumar Jain of Prithvi Finmart suggests a bullish outlook for both gold and zinc. He recommends buying MCX GOLD (FEB) contracts around ₹137,700, with a stop-loss at ₹136,500 and a target of ₹140,000. For MCX ZINC (JAN) contracts, he advises buying around ₹303, with a stop-loss at ₹300 and a target of ₹309.

Focus Shifts to Defence Stocks

The market’s attention today is also focused on defence stocks, as the Defence Acquisition Council is scheduled to hold a significant meeting.

(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 certified experts before making any investment decisions.)

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