Mumbai, Dec 31 || Precious metals, especially silver, took a breather on the final trading day of the year on Wednesday, after a run‑up to record high followed by aggressive profit‑booking.
Silver futures for March 2026 on MCX tumbled 4.63 per cent to Rs 2,39,395 per kg and gold futures for February 2026 slipped 0.51 per cent to Rs 1,35,973 per 10 grams in morning trade.
Volatility remained elevated amid geopolitical tensions such as US strikes on Venezuela’s dock facilities and Chinese naval exercises that bolstered safe‑haven demand earlier in the week.
The retreat came after sharp gains through most of 2025. Silver has gained 24 per cent in December and 135 per cent year-over-year, reflecting tight supply-demand fundamentals and robust safe-haven flows, said analysts.
Domestic spot gold prices have surged over 76 per cent year‑to‑date and international gold prices over 70 per cent in 2025, on track for their strongest annual performance since 1979.