- December 1, 2025
- Posted by: EWGFX
- Category: news
Gold and silver prices opened strongly in the domestic futures market on Monday. Gold February futures traded at Rs 1,30,383 per 10 grams, up Rs 879 or 0.68%, while silver March futures surged to a new peak of Rs 1,78,620 per kg, gaining Rs 3,639 in early trade.
The rally was driven by a softening dollar, expectations of a U.S. Federal Reserve rate cut, and a weaker rupee, which touched a record low against the dollar.
On the international front, gold prices slipped slightly in early Asian trade from a near three-week high, as investors booked profits amid growing expectations of a U.S. rate cut later this month, while silver hit a record high.
Spot gold was down 0.2% at $4,221.68 per ounce as of 0109 GMT, after reaching its highest level since November 13 on Friday. U.S. gold futures for December delivery rose 0.2% to $4,261.60 per ounce. Meanwhile, silver climbed 2.2% to a fresh high of $57.59 per ounce.
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On Friday, gold and silver closed higher in both domestic and international markets. The gold February futures contract settled at Rs 1,29,504 per 10 grams, up 1.44%, while the silver March futures contract ended at Rs 1,74,981 per kilogram, gaining 5.42%.
Gold prices hit five-week highs, and silver surged to record levels amid expectations of a U.S. Federal Reserve rate cut and profit-taking in the dollar index.