Gold, Silver Hit Fresh Record Highs; Bullish Momentum Seen Continuing in 2026
Gold and silver extended their strong rally into 2026, touching fresh record highs on Monday amid rising global uncertainty and expectations of interest rate cuts in the US, driving investors toward safe-haven assets.
In the international market, gold crossed $4,600 per ounce, while silver surged to a new high of $84 per ounce. Ongoing geopolitical tensions across multiple regions and persistent macroeconomic risks have kept global risk sentiment weak, supporting sustained inflows into precious metals.
Outlook for 2026 remains positive, with gold expected to move toward the $5,000-$5,200 per ounce range over the next 12-18 months, supported by potential rate cuts, a softer US dollar, central bank buying and ETF inflows.
Silver may see intermittent profit-booking near the $83-$85 range, but a decisive breakout could push prices toward $90-$95, with strong support seen around $78-$80.
In the domestic market, a breakout above ₹2.70 lakh could drive prices toward ₹2.80-3.00 lakh, while support is expected in the ₹2.45-2.48 lakh zone on any correction.
