11 December,2025 06:54 PM IST | Mumbai | mid-day online correspondent
Representational Image. File Pic
Gold's rally in 2025, surging about 60 per cent year-to-date, may continue in the nearâÂÂterm, giving it a positive bias in 2026. A report further stated that amid the support from safeâÂÂhaven flows and central bank buying, the prices will continue to experience a rise.
As per IANS, the report also said that investors should brace for bouts of correction and volatility in 2026. While the price of gold in the commodity market has been quite volatile, the price for gold jewellery has also been the same.
Gold prices in Mumbai on Thursday stood at Rs 130,460 for 10 grams, indicating a highly volatile market that experienced a slight decline in November.
While the higher real yields, a stronger US dollar, higher global growth, reduced inflationary pressures, and hawkish US policy stance may erode demand, the prices in the coming few days are less expected to see a decline.
The yellow metal did see a slight inclination in prices across the financial capital on Thursday. The price of 24-carat gold in Mumbai stood at Rs 1,30,460 for 10 grams while that of 22-carat gold was recorded at Rs 1,19,600.
Apart from Mumbai, gold prices in Delhi on Thursday also experienced a hike. The price of 24-carat gold was recorded at Rs 1,30,600 for 10 grams, while that of 22-carat gold was Rs 1,19,740.
Concerns over Federal Reserve independence, a weaker US dollar and persistent macroeconomic and geopolitical risks are other factors supporting safe-haven demand, reported IANS.
Furthermore, central banks globally have also increased gold reserves, and their gold's share has overtaken that of US Treasuries for the first time in nearly three decades.
With silver currently trading at USD 58 per troy ounce, valuations look stretched, the report noted. Silver supply remains inelastic amid rising prices, as the majority of mined silver is produced as a by-product of lead, zinc and copper mining.
(With inputs from IANS)
