The Gold and Silver prices have been seen fluctuating for some time. According to analysts’ reports, the gold rate has set a record in its 50th session this year, even in the international market. Furthermore, the gold has seen repeated record highs this year, crossing the $4,400/oz mark internationally. Besides, in India, it has surged high and lies in the ₹1.36–1.38 lakh per 10g range, hitting a new peak. This new record has made it one of the most consistent safe-haven performances.
On the other hand, silver has only shown a great jump in its prices, surging (up ~ 140% year-to-date, near ₹2.16 lakh/kg). The record of silver rate might not have set many records, but it has been a more volatile journey. However, the surge in the rates of two safe-haven metals is not abrupt. It has been led by numerous factors that have contributed to high market demand and fueled investors’ interest in silver and gold, driving their prices high. In this comprehensive blog post, we will explore the reason for the sudden price rise.
The Recent Statistics Of Gold & Silver Rates
As of 23rd December 2025, the rates of gold and silver are as follows:
The MCX gold futures (24K) jumped by 1.2% to an all-time high of ₹ 1,38,381 per 10 grams. At around 10:10 on December 23rd, 2025, the gold rate today was up 1.08% at ₹1,38,214 per 10 grams.
The MCX (Multi Commodities Exchange)silver futures surged by 1.7% to reach a record high of ₹2,16,596 per kg. At around 10:10 on December 23rd, 2025, silver prices were up 1.51% to ₹2,16,090 per kg.
The prices of these to save-heaven metals have not risen suddenly. They have been consistently growing for some time. Here’s a glimpse from their steady upward journey to reach this high. If we compare it to the previous week, the Gold was up about 1.2% on 23rd December 2025 compared to yesterday, and nearly 73% higher year-to-date. For the MCX silver rate, the statistics show it was up about 1.7% on 23rd December 2025, with a massive 140% surge year-to-date. This data indicates that the rally isn’t a one-day spike but a part of a larger trend.
Now, looking at the inner details by noting the year-to-date domestic prices of gold and silver. Domestic gold prices have risen by around 76% in 2025, setting a record for the strongest annual performance since 1979. At the same time, silver has skyrocketed even more this year in India with a gain of 142%. Marking this year as extraordinary for Silver and Gold metals.
| Date | 22K | 24K |
|---|---|---|
| December 1st | ₹ 1,19,270.00 | ₹ 1,30,090.00 |
| December 23rd | ₹ 1,25,090.00 | ₹ 1,36,440.00 |
| Highest rate | ₹ 1,25,090.00 (23 December) | ₹ 1,36,440.00 (23 December) |
| Lowest rate | ₹ 1,18,920.00 (10 December) | ₹ 1,29,710.00 (10 December) |
The Surge in Gold & Silver Led by Recent Activities
The rise in silver and gold prices is sudden or abrupt, but numerous global or domestic events led it. The list below includes a few combined global and domestic events that have led the price of these metals to record highs. Let’s explore them one by one.
1. US-Venezuela Tensions
The Geopolitical tension led by the United States has been marked by its recent seizure of Venezuelan oil tankers. Following up with trying to intercept more ships, this has been one of the main reasons. Venezuela laid charges against the US of “piracy” and warned of a possible invasion. These global activities have created market tension, prompting investors to buy gold and silver as safe assets.
2. Dollar Weakness
The US dollar index has slipped in the international market, making the dollar cheaper in comparison with other major currencies. Thereby, gold is becoming cheaper in international markets, increasing its global demand. However, for India, we import gold, and the rupee is weaker against the dollar. Therefore, it is one of the primary reasons for the increase in the price of gold and silver for Indians.
3. Federal Reserve Rate Cut Expectations
Investors have an expectation of a rate cut from the US Federal Reserve in 2026. Meaning lower rates reduce returns from bonds and savings. Therefore, people are shifting their money into gold and silver. It is the sole reason for strong buying.
4. Central Bank Buying
Central banks across many countries have been aggressively buying gold and adding it to their reserves. Furthermore, this event of large-scale buying has added extra upward pressure on prices, leading to an increase in gold and silver rates.
5. ETF Inflows
The ETF refers to Exchange Traded Funds (ETFs) that track inflows of money into gold and silver. Recently, the ETF has seen heavy inflows of money. When investors put more money into these funds, it signals strong demand for bullion, which pushes prices higher.
6. Safe-Heaven Demand
With concerns about inflation and recent geopolitical events that can cause uncertainty, investors look for “safe havens”. Gold and silver are treated as safe havens because they are trusted assets that hold value even when other markets are shaky, so demand remains high.
Support and Resistance Range Suggested By Top Analyst
With the increase in the prices of Gold and Silver, analysts have identified the resistance and support ranges. However, this range determines the price zones where gold and silver tend to stop falling or rising. These levels give a clear picture to investors or traders and help them decide when to buy or sell, though long-term investors focus more on overall trends.
Gold (MCX):
- Support: ₹1,35,550 – ₹1,34,710
- Resistance: ₹1,37,650 – ₹1,38,470
Silver (MCX):
- Support: ₹2,11,150 – ₹2,10,280
- Resistance: ₹2,13,810 – ₹2,17,000
Concluding Here!
The silver and gold rates have surged, setting many records and continuing to rise. Continuing geopolitical tensions between countries, expectations of a federal government rate cut, and other factors are driving this rally. Goldman Sachs Group Inc. is one of several banks that predict prices and has also predicted a continued rise in the prices of gold and silver in 2026. Issuing a base scenario of $4900 an ounce with risk to the upside.
Investors are now rushing to buy safe havens, and gold and silver are considered the most trusted. According to reports, prices have skyrocketed every month except May. It is high time to invest in gold and silver to secure the future, just in case of many mishappenings or conflicts.
