Gold futures climb to fresh peak, advancing 1.4% to ₹1,35,496 per 10 gram on MCX; check key details

Gold futures for February delivery hit another lifetime high on Monday, December 15, climbing 1.4% (₹1,874) to ₹1,35,496 per 10 gram on the Multi-Commodity Exchange (MCX) amid firm global cues. 

Last week, on Friday (December 12), the contracts hit their previous lifetime high of ₹1,35,263 per 10 gram on the MCX, crossing the ₹1.35 lakh per 10 gram mark for the first time ever. 

Meanwhile, silver was trading lower than the lifetime high of ₹2,01,615 per kg hit on Friday. The white metal contracts for the March expiry advanced 3.21% (₹6,195) on Monday to an intraday high of ₹1,99,046 per kg on the MCX. 

The metal skyrocketed by as much as 5.15% (₹9,443) over the previous week. 

International markets

In the international market, Comex gold futures for February delivery jumped 1.21% ($52.2) on Monday to $4,380.5 per ounce. Last week, the contracts climbed 2% ($85.3). 

Comex silver futures for March delivery also rose on Monday, advancing $1.74 (2.8%) to $63.74 per ounce. The white metal surpassed the crucial $65-per-ounce mark on Friday, but later declined due to profit booking.

The current week is important for bullion prices, with upcoming US jobs and CPI data, along with preliminary manufacturing and services PMI data. 

Silver, in both international and domestic markets, has given over 110% returns in 2025. 

The white metal has been rising due to its rising industrial demand and supply shortages in global markets. Silver’s demand from crucial sectors like solar, EV and data centres has been boosting its prices in 2025, along with its inclusion on the US critical minerals list. 

Moreover, strong interest in the silver market with increased retail buying and strong exchange-traded fund inflows have also been aiding silver’s rise this year. 

Investors will closely track the upcoming US jobs data due on Tuesday and the consumer price index (CPI) inflation data scheduled for Thursday, a PTI report quoted Renisha Chainani, Head - Research at Augmont, as saying. 

The data release will further provide clarity on the Federal Reserve's interest rate cycle and the near-term outlook for the bullion prices, the report said.