Gold and Silver Hit Record Highs: Experts Weigh In on Future Price Trends

The rally in precious metals has continued into the new year, with gold and silver prices reaching record levels on Wednesday. On the Multi Commodity Exchange of India (MCX), gold surged to ₹1,43,590 per 10 grams, while silver soared to ₹2,91,406 per kilogram. Since the beginning of 2026, gold has gained around 5%, and silver has surged over 15%. Over the past year, gold has delivered an 80% return, while silver has astonishingly returned 192%.

Experts attribute the sustained rise in precious metals to geopolitical tensions and US tariff policies under President Donald Trump, which have driven investors toward safe-haven assets like gold and silver. Central banks around the world have also ramped up their gold purchases, further supporting prices. Meanwhile, silver’s rising industrial demand has contributed to its upward trajectory.

Investor Guidance

The key question for investors now is whether to enter the market at these record levels or to book profits. Motilal Oswal Financial Services (MOSFL), in its report “Commodities Review 2025 and Preview 2026”, predicts that 2026 may bring significant shifts in the market. According to the report, gold and silver are expected to maintain their strategic relevance in the early part of the year. Continued demand from central banks and investors, limited mine supply growth, and relatively stable scrap availability are likely to support prices. Tightness in the physical market could further strengthen these metals as long-term portfolio anchors.

Given the continued geopolitical uncertainties, experts believe gold and silver prices are likely to remain elevated in the near term.

Outlook

For long-term investors, a systematic investment approach—such as staggered purchases or monthly SIPs in precious metals—is recommended. Existing investors may consider booking 40–50% of their profits at current levels, while keeping some exposure to benefit from potential further upside.