Overview

• IBJA data show 24-carat gold closed Friday at ₹1,09,707 per 10 grams and silver at ₹1,28,008 per kilogram, both holding well above early‑September levels.
• MCX silver futures notched lifetime highs, with the most-traded December contract at ₹1,28,612 per kg and a far-month contract touching ₹1.30 lakh.
• Recent US data pointing to softer producer prices and higher jobless claims has reinforced expectations for monetary easing, a key tailwind for non‑yielding metals.
• Analysts point to geopolitical tensions and tariff uncertainty as supportive of safe‑haven demand across bullion markets.
• Silver continues to outperform gold year to date, with gains tied to strong industrial demand and tight supply, though several houses flag heightened near‑term volatility around the Fed outcome.