Gold continues its strong rally in 2025, with experts predicting prices could reach Rs 1.3 lakh per 10 grams this Dhanteras and potentially touch Rs 1.5 lakh by early 2026. The surge is driven by global economic uncertainty, robust central bank purchases, and expectations of interest rate cuts, which are keeping investor demand for the yellow metal high.

Market analysts noted, “Strong central bank and ETF buying, even at record levels, along with declining trust in fiat currencies amid upcoming rate cuts, will keep gold prices elevated.” On the Multi Commodity Exchange (MCX), December gold futures have already touched Rs 1,22,284 per 10 grams, with the recent rally fueled by geopolitical tensions and hopes of interest rate reductions by the US Federal Reserve.

A weaker US dollar has further boosted gold demand globally, making it more affordable for investors holding other currencies. On Monday, MCX Gold December futures rose 1.62% to Rs 1,23,313 per 10 grams, while MCX Silver December futures climbed 3.44% to Rs 1,51,577 per kg.

Globally, spot gold hit a record $4,060 per ounce, marking its eighth consecutive weekly gain, while silver rose 1.1% to approach $51 per ounce. The latest surge comes amid escalating tensions between the US and China over trade tariffs, with both nations exchanging strong statements over potential trade measures.