Gold and silver: In 2026, continue to rise due to a resurgent desire for safe havens
Gold and silver: Due to increased industrial and safe haven demand, gold and silver maintained their structural bull run until the beginning of 2026, experts said on Saturday.
The price of gold futures with a February expiration date increased sharply over the week, reaching Rs 1,38,875 per 10 grams, up from Rs 1,35,752 at the end of the previous week. According to figures released by the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold ended the week at Rs 1,37,122, up from Rs 1,34,782 the previous week.
MCX Silver futures with a March expiration date saw a notable increase over the week, reaching Rs 2,52,002 per kg, indicating a clear breach from its previous range of consolidation and a return to a strong bullish channel.Following its robust multi-week surge, COMEX gold held steady above $4,500 per ounce, rising more than 1% and stabilizing just below record highs, according to Ponmudi R, CEO of Enrich Money.
He said that as industrial demand and safe-haven purchasing increased, COMEX silver futures rose more than 6% to around $79.79 an ounce, up from $75.
Due to ongoing supply shortages, record central bank purchases, and growing demand for green energy related to solar, electric vehicles, and artificial intelligence infrastructure, investor sentiment in silver is still quite positive.
According to economists, profit-taking, currency fluctuations, and high-frequency macro data from the US and other major economies would likely cause volatility in the near future.
The pace of the following recoveries has strengthened confidence in the longer-term upswing, and recent declines in precious metals were mostly seen as healthy profit-taking rather than indications of trend weariness.
Silver excelled, rising 171% in CY25, while gold rose almost 66%, reaching $4,500 per ounce.
According to analysts, structural demand, not transient speculative activity, is driving the current spike in gold and silver prices. Gold’s position as a key portfolio hedge is being strengthened by ongoing central bank gold purchases, increased geopolitical unpredictability, and anticipations of global monetary easing.