Gold Hits Record ₹1.38 Lakh; Global Peaks $4,500

NEW DELH-Gold prices hit an unprecedented milestone of ₹1,38,676 per 10 grams in India’s futures trade on Wednesday. On the global stage, the precious metal breached the significant $4,500 per ounce mark, driven by aggressive central bank buying and weak dollar sentiment.

Simultaneously, silver futures scaled a fresh lifetime high, touching ₹2,23,887 per kilogram on the MCX. The surge of nearly 2% in a single session highlights the strong industrial appetite for silver amidst global supply constraints and a shifting green energy landscape.

Market experts attribute this rally to expectations of further monetary easing by the US Federal Reserve and escalating geopolitical tensions. These factors have solidified gold's status as the ultimate safe-haven asset, prompting massive inflows into gold-backed exchange-traded funds (ETFs) worldwide.

With gold up nearly 70% this year, analysts predict the bullish trend will continue into 2026. Factors like persistent inflation and global economic uncertainty could push gold toward $5,000, making it one of the strongest annual performances in commodity history.