Alert for bullion enthusiasts: Gold is knocking on all-time high doors at ₹77,600/10g, while silver powers through ₹2.42 lakh/kg in a display of raw market muscle. This synchronized surge is reshaping investment strategies nationwide.
Behind the numbers lies a tapestry of global triggers. Persistent oil price volatility from OPEC cuts, coupled with eurozone stagnation, has investors flocking to gold’s embrace. India’s import bill balloons as the USD/INR breaches 84, squeezing supplies through official mints.
Silver, the industrial powerhouse, benefits from explosive growth in clean energy. Mexico’s mining disruptions have crimped 10% of global output, creating a perfect supply-demand mismatch. ‘We’re seeing McKinsey-level forecasts materialize,’ quips dealer Amit Patel from Delhi’s Karol Bagh.
Data from the World Gold Council reveals ETF inflows hitting $2.5 billion last week, the highest since 2020. MCX volumes exploded 25%, signaling broad participation from hedgers to high-frequency traders.
Peering into the crystal ball, Goldman Sachs pencils in gold at $2,800/oz internationally, translating to fresh Indian highs. Silver’s path to ₹2.7 lakh looks plausible on sustained tech demand. Amid wedding bells and festival lights, physical buying will amplify the trend. Pro tip: Diversify with sovereign gold bonds for tax perks. In this glittering era, metals are the undisputed stars of the show.