Overview
- Delhi spot gold jumped Rs 4,000 to an all‑time high of Rs 1,37,600 per 10g on Monday, according to the All India Sarafa Association.
- On MCX, February gold futures set a fresh record at Rs 1,35,496 per 10g, while silver last week hit an intraday peak of Rs 2,01,388 per kg before easing.
- Globally, spot gold hovered near $4,305–$4,350 an ounce, within roughly $80 of October’s record, and silver traded around $63 after touching about $64.65 on Friday.
- The rally has been supported by the Fed’s December rate cut and planned Treasury‑bill purchases, a softer dollar and lower yields, steady central‑bank buying, and strong industrial demand with tight inventories for silver.
- Short‑term trading remains choppy with profit‑taking and mixed Fed commentary; analysts flag domestic support near Rs 1,31,000–1,32,000 and resistance at Rs 1,35,000–1,36,000 per 10g, with delayed US jobs and CPI prints in focus this week.