Last week, an increase of about 3 percent was seen in the prices of gold. This week we may see further rise in the price of gold. According to experts, like silver, gold can also create a new record. Gold prices can set a new record in the first week of December. If we look at the figures, the price of gold may increase by Rs 5 thousand per ten grams. There is a reason for that too. Where the buying of Central Banks has not reduced.
On the other hand, due to wedding demand in India, an increase in gold prices may be seen. On the other hand, the possibility of interest rate cuts by the US Central Bank seems to be getting stronger. Due to which an increase in gold prices may be seen.
On the other hand, there is a possibility of increase in gold prices due to increase in conflict between Russia, NATO and Ukraine. By the way, gold prices have seen an increase of more than 60 percent in the current year. Earlier, gold had set a record of lifetime high in the futures market of the country on October 17. After 6 to 7 weeks, gold prices are showing strength to reach record level. Let us also tell you what the experts have to say in this matter…
Will Gold make a record again?
According to analysts, gold prices may strengthen and cross the record level next week. Analysts say that the entire attention of investors is focused on important economic data of America, the speech of Federal Reserve Chairman Jerome Powell and the monetary policy of the Reserve Bank of India. JM Financial Vice President Pranab Mer said that gold has now come out of the limited range in which it was stuck for a long time. Investors are paying close attention to manufacturing and service sector data around the world, US employment data and consumer sentiment. He further said that apart from all this, there will also be Fed Chairman Jerome Powell’s speech on Monday, progress in Russia-Ukraine peace talks and the policy meeting of the Reserve Bank of India on Friday. Investors will keep a close eye on all these events.
Which factors will increase gold prices in India?
The February 2026 gold futures price on Multi Commodity Exchange (MCX) rose by Rs 3,654 or 2.9 percent last week and closed at Rs 1,29,504 per ten grams on Friday. Prathamesh Mallya, senior research officer at Angel One, said that the weakness of the rupee in India and local demand have greatly increased the volatility in gold prices. Festivals, weddings and continuous purchasing of jewelery are giving strong support to the prices of gold and silver in the Indian market. Mallya further said that the central banks of the world are continuously buying gold, due to which the outlook for gold will remain positive in the long term. He said that central banks have been accumulating gold for the last several years and this trend will continue in 2026 also.
Karthik Jonagadla, founder of Quantes Research, said that gold is the most direct and clear way for investors to express what they think about the future of real interest rates in the US. He further said that as long as there remains a strong possibility of interest rate cut in December, the trend regarding gold and silver will remain mildly positive. But if any data comes suddenly and the hopes of reducing the rates soon weaken, then the recent rise may be reversed. Therefore, it is very important to keep the right amount of investment and avoid risk.
How much increased in foreign markets?
In the global market, the price of gold for contracts for delivery in December rose by $ 138.8 or 3.4 percent in a week and closed at $ 4,218.3 an ounce on Friday. Pranav Mer of JM Financial Services said that gold prices saw a rise of more than one percent when trading in the US market resumed after an 11-hour halt. A weak dollar, dovish comments from some Federal Reserve officials and expectations of a possible 0.25 percent interest rate cut next month boosted gold prices.
Silver gave better returns than gold
Meanwhile, silver performed brilliantly and was better than gold. Last week, the futures price of silver on MCX increased by Rs 17,104 or 10.83 percent. In the foreign market, the price of silver for contracts for delivery in December increased by $ 6.53 or 13.09 percent throughout the week and closed at $ 56.44 an ounce. On Friday, it increased by $ 3.53 or 6.68 percent to reach a record level of $ 56.45 per ounce. Riya Singh, research analyst at MK Y Global Financial Services, said dovish comments from Fed officials and the late release of key US data boosted investors’ confidence that credit costs will decline. Due to this, the swap markets are predicting 80 to 87 percent possibility of a 0.25 percent cut next month.
Gold may rise by Rs 5 thousand
Or according to Anuj Gupta, Director of Wealth Global Research, a rise in gold prices may be seen this week also. The biggest reason for which is the Fed meeting. In the last meeting of the Federal Reserve, indications were given to hold the interest rates. But the kind of figures that have been seen. It seems that there may be a reduction of 25 to 25 basis points. The effect of which can be seen in the prices of gold. He said that this week we may see an increase of Rs 5 thousand i.e. about 4 percent in the prices of gold.