Gold, Silver Hit Fresh Record Highs: Should Investors Expect More Upside?

Gold, Silver Prices Outlook 2026: The rally of gold and silver isn’t looking to diminish even in 2026, with both bullions touching a fresh record high on Monday following the rising macro-level uncertainty pushing investors towards safe havens and Fed rate cut expectations.

Gold crossed $4,600 per ounce after surging 1.60 per cent at the international spot market, while silver touched the fresh high of $84 per ounce by gaining 5.45 per cent.

Geopolitics remained high since past week amid the US influence in Venezuela, with a threat of military action in response to the unrest in Iran, the Russia-Ukraine war, a China-Japan spat, and the White House’s insistence on acquiring Greenland that keep investors on edge, argued Maneesh Sharma, AVP – Commodities

& Currencies, Anand Rathi Shares & Stock Brokers. ” This, in turn, takes its toll on global risk sentiment & continues to drive safe-haven flows toward the bullion,” Sharma added.

Gold, Silver Outlook 2026

Shriram Wealth in its ‘Annual Investment Outlook 2026’ report has expected gold prices to reach $5000-5200 per ounce over the next 12 to 18 months, translating to an upside of 13-16 per cent. Fed interest rate cut, weakening of dollar, central bank purchase and ETF inflow will play a major role in pushing the price.

Sharma added there isn’t any relevant market-moving economic indicators due for release from the US on Monday, leaving the dollar index and precious metal at the mercy of comments from influential FOMC members.

“The focus, however, remains on the US inflation figures this week which could set the tone for interest rate cuts trajectory for the year. Overall the direction of prices remains firm in near term especially for gold, while release of Inflation numbers may bring in some volatility in prices” Sharma added.

While the $83 zone may see periodic profit-taking in silver, a clear breakout above $85 could trigger the next leg higher toward $90–$95. Strong demand underpins the $78–$80 zone as a solid support base, added Ponmudi R, CEO, Enrich Money.

A breakout beyond Rs 2,70,000 could drive prices toward Rs 2,80,000–Rs 3,00,000. On the downside, a break below Rs 2,55,000 may test the Rs 2,48,000–Rs 2,45,000 support zone, where fresh buying interest is expected to emerge.

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