Sat Dec 27 02:40:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
Gold and Silver Prices Soar to Record Highs in India, Experts Advise Caution
New Delhi: Gold and silver prices in India are experiencing an unprecedented surge, reaching all-time high levels and leaving experts advising investors to tread carefully. The precious metals have seen dramatic increases in the past week alone, impacting both retail consumers and large-scale investors.
On Friday, silver prices on the Multi Commodity Exchange (MCX) witnessed a staggering increase. The March 5th futures contract for 1 kg of silver closed at ₹2,40,935, a jump of ₹17,145. Earlier in the day, silver had even touched a high of ₹2,42,000 per kg, marking its highest price ever.
Gold prices also saw a significant rise. The February 5th futures contract for 10 grams of gold on the MCX closed at ₹1,39,940, up ₹70. During intraday trading, gold prices had surged by approximately ₹1,200, also reaching a record high.
The past week has been particularly volatile. On December 19th, 10 grams of gold were priced at ₹1,34,196. Today the price is close to ₹1,40,000, representing a nearly ₹6,000 increase in a single week. Silver has seen an even more dramatic jump. On December 19th, it was priced at ₹2,08,000 per kg, and now it is trading at ₹2,40,000 per kg, a massive increase of ₹32,000 in just seven days.
Experts Weigh In:
While the long-term outlook for gold and silver remains positive due to sustained demand, experts warn of potential short-term profit-taking and price corrections. They advise investors to exercise caution and consider a strategic approach. Instead of purchasing physical gold and silver, financial advisors suggest investing gradually through Exchange Traded Funds (ETFs). This allows investors to spread their risk and potentially capitalize on long-term gains.
First Piper 