Gold Continues Strong Run; Silver Surpasses ₹2,00,000 – Will the Momentum Last?

Gold prices have maintained a strong upward trend in recent trading sessions. On the Multi Commodity Exchange (MCX) Friday morning (December 12), gold saw a slight increase, while silver experienced a minor dip as investors took profits following record highs.

Around 9:10 am, MCX gold February futures were trading at ₹1,32,599 per 10 grams, a 0.10% increase. Meanwhile, MCX silver March futures fell by 0.50% to ₹1,97,951 per kg.

Silver had reached an all-time high of ₹1,98,814 per kg on Thursday, ultimately closing the day at ₹1,98,799, a 5.33% gain. Gold February contracts closed at ₹1,32,469 per 10 grams, reflecting a 2% increase.

Both gold and silver have benefited from the US Federal Reserve's recent decision to cut interest rates by 25 basis points and its suggestion of further rate cuts in the coming year.

Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd., and Chairman at Jain International Trade Organisation, commented: "Despite the Federal Reserve's dovish estimate for interest rates in 2026, gold and silver prices are trading strongly due to safe haven demand amid geopolitical instability. The Federal Reserve cut rates by 25 basis points, as predicted, with a 9-3 split vote. Fed Chair Jerome Powell stated that the central bank is 'well positioned' to 'wait and see' how the economy unfolds, having eased policy by 75 basis points this year."

**Gold and Silver Outlook: Will the Rally Extend into 2025?**

According to Ponmudi R, CEO of Enrich Money, a SEBI-registered on