Gold and Silver Extend Historic 2025 Rally as Weak Dollar, Central Bank Buying, and Global Tensions Lift Safe-Haven Demand

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Gold and silver prices started on a strong note and moved sharply higher on Tuesday morning. Both metals touched new record highs during early trade. A weaker US dollar and rising global tensions supported the rally. Investors showed strong interest in safe assets.

On the Multi-Commodity Exchange, gold futures rose over one percent. Prices touched a new lifetime high of Rs. 1,38,381 per 10 grams. Silver futures climbed even faster. Silver jumped close to two percent and hit a record high of Rs. 2,16,596 per kg. Around 10:10 am, gold traded near Rs. 1,38,214 per 10 grams. Silver stayed firm near Rs. 2,16,090 per kg.

Weak Dollar Lifts Precious Metals


The rise followed positive global trends. The dollar index slipped around 0.20 percent during the session. A weaker dollar makes gold and silver cheaper for buyers using other currencies. This factor lifted demand across global markets.

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Tensions between the United States and Venezuela also pushed prices higher. Reports said US authorities seized a tanker carrying Venezuelan oil. Officials also tried to stop two more ships linked to Venezuela. These events increased global uncertainty. Investors often turn to gold and silver during such periods.

Global Prices Hit Record Levels


Global prices showed the same strength. Spot gold moved close to $4,497 per ounce and stayed near record levels. Silver rose toward $70 per ounce and touched its highest mark ever. Analysts said 2025 has been a strong year for precious metals.

International gold prices have risen nearly 70 percent so far this year. This marks the best yearly performance since 1979. Silver has gained even more. Silver prices have jumped over 140 percent in 2025. Domestic prices followed this trend. Spot gold prices in India rose about 76 percent this year. Domestic silver prices climbed more than 142 percent.

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Outlook and Key Price Levels


Several reasons supported the long rally. Central banks continued to buy large amounts of gold. Hopes of future interest rate cuts in the US added support. Concerns over inflation, global growth, and trade issues also helped prices. Strong investment flows into gold and silver funds kept demand steady.

Market experts expect some price swings in the near term. Aksha Kamboj from the India Bullion and Jewellers Association said demand for safe assets remains strong. Inflation concerns and global tensions continue to support prices. Long-term investors still see gold as a stable option.

Analysts also shared key price levels. Experts from Mehta Equities said gold has support near Rs. 1,35,550 and resistance near Rs. 1,38,470. Silver has support near Rs. 2,11,150 and resistance near Rs. 2,14,970. Other analysts advised careful buying at lower levels with clear risk limits.

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The market will now watch global news and dollar movement closely. Any change in tensions may impact prices. Gold price today and silver price today continue to reflect global uncertainty. MCX gold and MCX silver may stay volatile, but the overall trend remains strong amid ongoing US-Venezuela tensions.