Gold Nears ₹96,000 Amid Global Uncertainty; Silver Breaches ₹97,000/kg Mark
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New Delhi: In a continued upward trend driven by geopolitical tensions, both gold and silver prices surged sharply in India on Monday, with 24-carat gold inching close to ₹96,000 per 10 grams and silver climbing past ₹97,000 per kilogram.
According to the latest data released by the India Bullion and Jewellers Association (IBJA), 24-carat gold prices rose by ₹342 to settle at ₹95,813 per 10 grams in the evening session. Silver prices jumped ₹488 to reach ₹97,397 per kilogram, reflecting strong safe-haven demand amid uncertain global cues.
Gold, Silver Prices in India (May 26, 2025)
- 24-carat gold (10g): ₹95,813
- 22-carat gold (10g): ₹87,765
- 18-carat gold (10g): ₹71,860
- Silver (1kg): ₹97,397
Gold and silver spot prices are updated twice daily by the IBJA based on market movements.
Domestic Bullion Rally Continues Despite Global Dip
Interestingly, while prices in India are surging, international gold and silver prices have shown a slight decline. On Monday:
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Gold fell 1.12% to $3,355.55 per ounce
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Silver dipped 0.26% to $33.523 per ounce
The marginal drop is attributed to US President Donald Trump’s decision to extend the deadline for ongoing trade talks with the European Union to July 9, offering temporary relief to global markets.
However, analysts say this decline may be short-lived as investors continue to flock to gold due to global economic and political uncertainty.
Analysts Predict ₹99,000 Gold in Near Term
Experts believe that Indian gold prices may soon cross the ₹99,000 per 10g mark if global tensions persist and macroeconomic indicators remain volatile.
“Gold is expected to trade between ₹95,000 and ₹96,500 in the coming sessions,” said Jatin Trivedi, VP Research Analyst at LKP Securities. “Investors will closely track key US economic data, including manufacturing and services PMI and new home sales figures.”
Prathamesh Mallya, Senior Research Analyst at Angel One, echoed this sentiment, predicting that the rally in gold could continue both domestically and globally.
“The shine in the yellow metal will be brighter in the coming weeks. International gold could touch $3,500 per ounce, and MCX gold may test ₹99,000 levels, especially if geopolitical tensions escalate.”
Staggering Year-to-Date Gains
Since January 1, 2025, the Indian gold market has witnessed an exceptional rally:
- 24-carat gold has surged by ₹19,651 per 10 grams — a 25.80% increase from ₹76,162
- Silver has jumped ₹11,383 per kg — a 13.23% rise from ₹86,017
These numbers reflect a growing investor appetite for precious metals amid uncertain equity markets, inflation concerns, and rising interest in non-fiat assets.
What’s Driving Gold and Silver Prices Up?
- Geopolitical instability: Escalating global tensions have led to a surge in demand for safe-haven assets.
- Macroeconomic uncertainty: Investors are hedging against inflation and possible recession risks.
- Weaker global sentiment: Volatile global markets and delayed trade negotiations have pushed capital towards gold.
Outlook: Should You Invest in Gold Now?
With bullion prices on a consistent upward path and geopolitical uncertainties far from resolution, analysts continue to favor gold and silver as attractive investment options for the short to medium term.
If the current momentum holds, experts believe gold could become an even more critical hedge for Indian investors, especially as the festive and wedding seasons approach — traditionally strong periods for gold demand.