New Delhi, Oct 16 || The surge in gold prices in 2025 ranks among the steepest since the 1970s, rivalling the bull runs of 1979–80, 2010–11, and 2020. However, unlike earlier cycles driven by Western crises, this rally is Asia-led, underpinned by reserve diversification and official-sector demand, data from a report showed on Thursday.
Gold’s dazzling rally this year has captivated global markets — a rare and spectacular ascent that has seen prices surge over 50 per cent year-to-date, breaching $4,000 on COMEX and touching Rs 1,20,000 domestically.
The precious metal has clocked over 35 new record highs this year, as investors embrace tangible assets amid global uncertainty. Silver too has mirrored gold’s brilliance, soaring over 60 per cent YTD across exchanges, Motilal Oswal Financial Services said in its report.
What began as a cautious start to the year has turned into a full-fledged super cycle, driven by capital rotation from bonds and riskier assets into safe havens.