This rally comes amidst the metals gaining sharply in the last week to the tune of 3.8% (gold) and over 14% for silver. Gold futures climbed to a record high of $4,581.30/ounce on the CME last weekend, while silver futures surged to nearly $79.70/ounce, marking the largest one-week dollar gain on record for silver. Adding to the pressure, major Western exchanges raised margin requirements on silver futures by $5,000 to $25,000 per lot, triggering fresh caution among traders. Silver, which has rallied the most, fell more sharply with March futures plunging 8% after hitting a fresh lifetime high to Rs 2,53,280/kilogram. The futures contracts with May and July expiries also erased all gains, falling 9% and 10% respectively after hitting fresh lifetime highs during the day.

Source: Indian Express December 29, 2025 15:22 UTC