US Inflation at 2.6% Sparks Safe Haven Rush, Pushing Gold and Silver Near Lifetime Highs on MCX

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India’s markets opened with strong festive energy as Republic Day sales lifted overall buying sentiment. Gold prices moved higher during early trade on Wednesday, January 14. Shoppers tracked deals across categories. Investors tracked metals with equal focus. 

Gold rates on MCX touched a fresh record during early trade. Silver prices followed with a sharp jump. Gold price on MCX hit a new record, showing strong demand and rising global uncertainty.

Gold prices held near lifetime highs on Wednesday. MCX gold February futures climbed over 0.50% during morning trade. Prices reached a new peak of Rs. 1,43,017 per 10 grams. Silver delivered an even stronger move. MCX silver March futures jumped over 3%. and reached a record level of Rs. 2,83,598 per kg. The strong rally reflected global trends and strong local demand in India.

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Gold and Silver Hit Record Levels

The main reason behind the rise came from the United States. Recent inflation data showed softer numbers than expected. The US core Consumer Price Index rose 0.2% month on month and 2.6% year on year in December. Both readings stayed below market estimates. This data raised hopes that the US Federal Reserve may cut interest rates later this year.

Lower interest rates usually support gold prices. Gold does not offer interest, so it becomes more attractive when rates fall. Investors increased buying after the inflation data. However, experts do not expect a rate cut in January. Markets now look at policy easing later in 2026.

US Inflation Data Boosts Bullion

Global tensions also supported gold and silver prices. Political stress around Iran, Venezuela, and Greenland increased uncertainty. Protests in Iran added to market worries. Hopes for an early end to the Russia-Ukraine conflict also weakened. These factors pushed investors toward safe assets like gold and silver.

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Madhavi Arora of Emkay Global said the US Fed may stay on hold in January. She added that markets continue to track labour trends and policy signals. These factors kept gold prices near record levels.

Commodity expert Manoj Kumar Jain said civil unrest in Iran boosted safe haven demand. He also said the US Supreme Court decision on Trump-related tariffs may guide market direction. Jain expects high price movement in the near term due to global events and currency swings.

Analysts Share Outlook and Key Levels

According to Jain, MCX gold has support near Rs. 1,41,400 and resistance close to Rs. 1,44,200. Silver has support around Rs. 2,72,000 and resistance near Rs. 2,85,500. He expects prices to remain volatile this week.

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Rahul Kalantri of Mehta Equities also expects sharp price swings. He said profit booking may appear at higher levels. Still, the overall trend stays positive due to global uncertainty and policy hopes.

In the physical market, gold prices stayed strong. Twenty-four-carat gold traded near Rs. 14,254 per gram. Silver traded close to Rs. 2,75,100 per kg. Demand remained stable despite high prices. Festival season buying and long-term investment interest supported the market.

Along with Republic Day offers across sectors, market attention also moved to upcoming events like the OnePlus Freedom Sale 2026, reflecting active consumer sentiment.

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Gold rates on MCX and silver prices now depend on global cues. US Fed signals, inflation data, and geopolitical risks will decide the next move.

Disclaimer: This news is for information only. Market views belong to analysts. Investment decisions should follow expert advice.