Hyderabad: Gold prices extended their strong rally on Monday and hit a record high. Investors increased safe-haven exposure amid geopolitical risks and expectations of future rate cuts by the US Federal Reserve.
Spot gold climbed to an all-time high of $4,383.73 per ounce. Analysts said steady buying drove the rally as markets reacted to uncertainty and shifting monetary policy signals.
Gold has surged about 67 per cent so far in 2025. Trade tensions, global volatility, and sustained demand for safe assets have supported the rise.
Gold price momentum remains intact despite volatility
Market experts said gold and silver opened the week at fresh lifetime highs in domestic and global markets. The gains followed the Federal Reserve’s third interest rate cut of 25 basis points this year, which lifted overall bullion sentiment.
Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said softer US inflation strengthened the rally. He noted that US CPI inflation eased to 2.7 per cent year-on-year, reinforcing expectations of further rate cuts in 2026.
Meanwhile, analysts said the Bank of Japan raised rates by 25 basis points. However, its cautious stance fell short of market expectations and continued to support precious metals.
Kalantri said gold finds support between $4,320 and $4,285, while resistance stands between $4,400 and $4,425. Silver shows support at $66.40–$65.75, with resistance at $67.20–$68.00.
In domestic markets, gold has support at ₹1,33,550–₹1,33,010 and resistance at ₹1,35,350–₹1,35,970. Silver trades with support at ₹2,07,450–₹2,06,280.
Analysts added that a stronger US dollar may cap short-term gains. However, they expect price dips to attract fresh buying, keeping the broader gold trend positive.
