Gold and silver are hitting the stratosphere this Monday.1 As of this morning, gold futures on the MCX jumped nearly 1%, while silver went absolutely parabolic with a 2.3% surge.2
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The thing is, we’re seeing a perfect storm. The US Fed just cut rates by 25 basis points on December 10, and now traders are betting on another cut in January 2026.3 And then you have the geopolitical mess—Ukraine just carried out its first-ever drone strike on a Russian “shadow fleet” tanker in the Mediterranean.4 Markets hate that kind of uncertainty. Let’s be real, when drones start hitting tankers 1,200 miles from the border, people buy gold. Or nothing.
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The Record-Breaking Numbers
Silver is the real headline-stealer today. It didn’t just rise; it smashed through the ₹2.13 lakh barrier for the first time ever.5
MCX Gold (Feb): Trading around ₹1,35,224 per 10 grams.
MCX Silver (March): Hit a fresh lifetime high of ₹2,13,844 per kg.6
Global Spot Gold: Touched an all-time high of 4,380 per ounce.7
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Expert Levels: What to Watch
The analysts are basically saying “buy the dip,” but keep an eye on these specific ceilings. If gold closes above ₹1,35,000, it could sprint toward ₹1,40,000 before the New Year.
| Metal | Support Level (INR) | Resistance Level (INR) |
| Gold (MCX) | ₹1,33,550 | ₹1,35,970 |
| Silver (MCX) | ₹2,06,600 | ₹2,12,000 |
And here’s the kicker: Goldman Sachs just raised their 2026 forecast. They think gold is hitting 4,900 by next December.8 Why? Central banks are hoarding the stuff like there’s no tomorrow. They’ve seen what happens to paper currency during trade wars (those too), and they’d rather have the shiny bars in their vaults.
It’s an ongoing rally that doesn’t seem to care about “expensive” labels. As long as US tariffs and maritime strikes are in the news, the bullion boom has legs.
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