New Delhi, Dec 22 || Driven by reports on expected US Federal Reserve rate cuts in 2026 and strong safe haven demand among investors, spot gold went up to a record high of $4,383.73 per ounce on Monday.
In 2025, gold has seen a meteoric rise, up around 67 per cent amid geopolitical uncertainties and tariffs.
According to analysts, gold and silver prices advanced last week and began the new week by touching fresh lifetime highs in both domestic and international markets.
The rally followed the US Federal Reserve’s third interest rate cut of 25 basis points this year.
“Further support came from softer US CPI inflation, which eased to 2.7 per cent year-on-year, strengthening expectations of additional rate cuts next year,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.
Meanwhile, the Bank of Japan raised interest rates by 25 basis points, but its less-hawkish-than-expected stance provided additional support to precious metal prices.