Gold and silver prices crashed on the last trading day of 2025 after a scorching rally that lasted most of the year.
On the Multi Commodity Exchange (MCX), the silver rate fell 6%, or ₹15,060 per kg to ₹2,35,952 per kg, while the gold rate slipped 0.4% to ₹1,36,124 per 10 gm, at the beginning of trade today. The pullback reflects profit-booking after a run-up to record highs.
Precious metals—gold and silver—are the standout performers among commodities this year, with silver outperforming most major equity indexes and currencies, while gold hit record highs on economic and geopolitical risks.
Silver, in particular, gained 161% in 2025, breaking the $80 per ounce mark for the first time, while gold climbed 66%. The white metal has drawn additional support from its designation as a critical US mineral, ongoing supply chain constraints and low inventories, while sustained central bank buying has supported gold.
“We continue to see upside in precious metals as a lot of the risks from 2025 remain going into 2026,” BNP Paribas commodities analyst Jason Ying told Reuters.