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After a robust rally for most of 2025, gold and silver saw some profit-taking on the final trading day of the year.
News18
After a robust rally for most of 2025, gold and silver saw some profit-taking on the final trading day of the year. On Wednesday, silver futures for March 2026 dropped 6% to Rs 2,35,952 per kg, shedding Rs 15,060, while gold futures for February 2026 eased 0.4% to Rs 1,36,124 per 10 grams. The sharper fall in silver came after its surge to record highs, with aggressive profit-booking driving the correction.
Globally, precious metal prices also edged lower on December 31 as investors locked in gains near all-time peaks. Despite the near-term softness, both gold and silver are still set to end 2025 with historic annual returns. Spot gold slipped 0.3% to around $4,334 an ounce in early Asian trade, after touching a record high of $4,549.71 last week. US gold futures for February delivery declined 1% to $4,346.50 an ounce.
In the previous session, both metals had closed on a strong note in domestic and global markets. On the MCX, gold February futures ended at Rs 1,36,666 per 10 grams, up 1.28%, while silver March futures jumped 11.84% to Rs 2,51,012 per kg.
Prices had rebounded sharply from intraday lows as safe-haven demand picked up amid rising geopolitical tensions. Concerns escalated after Russia alleged a Ukrainian drone attack on the President’s residence, dampening hopes of a near-term peace deal. Reports of US airstrikes on a Venezuelan dock and Chinese military exercises near Taiwan further heightened global uncertainty, supporting demand for gold and silver.
Manoj Kumar Jain of Prithvifinmart Commodity Research said ongoing geopolitical developments are underpinning short-term gains in bullion. However, minutes from the US Federal Reserve’s meeting, released on Tuesday, reduced expectations of aggressive rate cuts in 2026, which could limit further upside in precious metals.
Meanwhile, the US Dollar Index remained steady near 98.28, up 0.04%, providing some resistance to gold’s rally.
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December 31, 2025, 09:39 IST
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