Gold And Silver Futures Hit Lifetime Highs on MCX on December 22

Gold and silver prices soared to lifetime highs on Monday, December 22, both internationally and in domestic markets. On the Multi-Commodity Exchange (MCX), gold futures for February delivery jumped ₹1,729 or 1.29% to a record ₹1,35,925 per 10 grams.

Similarly, April contracts advanced ₹1,894 or 1.38% to ₹1,38,999 per 10 grams, marking a historic level for the yellow metal. The rally was supported by global cues, including expectations of a US Federal Reserve rate cut in January.

Gold Prices Surge To Record Levels

In the international market, Comex gold for January expiry hit an all-time high of $4,425 per ounce. The sharp rise was attributed to growing investor confidence in a potential rate cut by the Federal Reserve during its first meeting of 2026.

Over the past week, gold futures on the MCX gained ₹574 or 0.43%, reflecting sustained bullish momentum. Domestic prices mirrored global trends, reinforcing gold’s position as a preferred safe-haven asset.

Silver Outperforms Gold With Strong Gains

Silver futures for March delivery on the MCX surged ₹6,144 or 2.95% to a lifetime high of ₹2,14,583 per kilogram. Contracts for May expiry climbed further to ₹2,17,591 per kilogram, underscoring strong demand for the white metal.

Globally, Comex silver for January expiry touched $69 per troy ounce, setting a new record. Over the past week, silver prices on the MCX jumped ₹15,588 or 8.08%, significantly outperforming gold and highlighting its dual role as an investment and industrial commodity.

Macro Drivers Behind The Rally

The surge in precious metals was driven by expectations of monetary easing in the United States. Recent US inflation data showed consumer price inflation for November slowing to 2.7%, below market expectations of 3.1%, while core CPI eased to 2.6%, its lowest since March 2021.

According to CME Group’s FedWatch tool, investors are pricing in a 77.9% probability of a quarter-point rate cut in January. These factors have boosted safe-haven demand, pushing gold and silver to unprecedented levels.

Read More: These Public Sector Banks Have Cut Interest Rate on Loans.

Conclusion

Gold and silver prices reached historic highs on December 22, supported by global economic signals and strong investor sentiment. Domestic futures on the MCX mirrored international benchmarks, with both metals posting sharp weekly gains.

Silver outperformed gold, reflecting robust investment and industrial demand. Market participants now await key US macroeconomic data, including GDP and consumer confidence figures, which could influence the next phase of price movements.

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