Blitz Bureau
NEW DELHI: Gold and silver continued their structural bull run into the start of 2026 on the back of enhanced safe haven demand and industrial demand, analysts said on January 10. Gold futures with February expiry gained significantly during the week touching Rs 1,38,875 per 10 grams, up from Rs 1,35,752 at last week’s close. The price of 10 grams of 24-carat gold closed the week at Rs 1,37,122 up from Rs 1,34,782 of the prior week, according to data published by the India Bullion and Jewellers Association (IBJA).
MCX Silver contracts for March expiry showed significant surge during the week surging to Rs 2,52,002 per kg, confirming a decisive breakout from its recent consolidation range and re-entering a strong bullish channel.
“COMEX gold remained firm near $4,500 per ounce, gaining over 1 per cent and consolidating just below record highs after its strong multi-week rally,” said R Ponmudi, CEO of Enrich Money. Meanwhile, COMEX silver futures jumped over 6 per cent to around $79.79 per ounce, rebounding from $75 as industrial demand revived alongside renewed safe-haven buying, he added.
Investor sentiment in silver remains firmly constructive, supported by persistent supply deficits, record central bank buying as well as rising green-energy demand linked to solar, EVs and AI infrastructure. Looking ahead, near-term volatility cannot be ruled out, driven by profit-taking, dollar movements and high-frequency macro data from US and other major economies, analysts said.