National News
Gold and Silver Prices Set to Surge in 2025- Gold Could Reach Rs 90000
Gold prices in India surged by 21% in 2024, driven by central bank policies, geopolitical risks, and strong global demand. As of January 1, 2025, gold prices were Rs 78,000 per 10 grams for 24K, with predictions pointing towards a rise to Rs 85,000-90,000 in 2025. While gold outperformed other commodities in 2024, experts recommend a “buy-on-dips” strategy for investors, as prices may consolidate before further gains. Geopolitical tensions and central bank actions will continue to support the demand for gold and silver.
Silver also saw impressive gains in 2024, with prices expected to reach Rs 1.1-1.25 lakh per kg, fueled by industrial and investment demand. Experts like Manav Modi from Motilal Oswal Financial Services maintain a positive outlook for both metals in the medium to long term, forecasting potential price growth even amid market fluctuations. However, while Rs 1 lakh for gold is considered optimistic, extreme economic conditions could push it towards that mark.
National News
Precious Metal Futures Continued Their Downward Momentum
​Rising Crude Oil Prices and Aggressive Global Selling Push Domestic Futures Sharply Lower; MCX Silver Slips Near ₹1.93 Lakh/Kg While Gold Hits Intraday Low Of ₹1,41,806 Per 10 Grams.
Precious metal futures continued their downward momentum on Friday, October 23, 2026, driven lower by elevated international crude oil prices and persistent selling pressure across global commodity markets.
​MCX Gold & Silver Highlights
​Gold Futures: The October 5 Gold contract on the Multi Commodity Exchange (MCX) opened with a steep gap down of Rs 1,251 at Rs 1,42,058 per 10 grams against its previous close of Rs 1,43,309. It extended losses to touch an intraday low of Rs 1,41,806 (down 1.04%) before stabilization near Rs 1,41,894. Gold futures for February 2026 also fell 1.03% (down Rs 1,498) to Rs 1,44,437 per 10 grams across 762 lots.
​Silver Futures: Silver maturing on December 4, 2026, fell sharply by 3.40% to hit an intraday low of Rs 1,92,800 per kg before recovering slightly to trade around Rs 1,93,598 per kg—down Rs 6,001 (3.01%) from its previous close of Rs 1,99,599.
MCX gold opened with a gap down near Rs 1,42,060 and is trading around Rs 1,42,450, recovering modestly from its opening low. The Rs 1,43,000–1,43,700 range, which previously acted as support, now forms immediate resistance. On the downside, support lies at Rs 1,40,000–1,41,000.
In international markets, COMEX gold dropped 0.73% to approximately $4,030.90 per troy ounce. Spot gold traded down by 0.85% ($34.31 lower) at $4,010.41 per ounce.
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