Gold, Silver Soar Near All-Time Highs in India Amid Rate Cut Hopes & Supply Fears

• Gold and silver prices in India are trading near all-time highs, driven by global interest rate cut expectations, a weaker US dollar, and strong investment demand.
• MCX gold futures for Feb 2026 reached ₹1.40 lakh per 10 grams, while silver futures for March 2026 hit a lifetime high of ₹2.49 lakh per kilogram.
• Silver's surge is attributed to robust industrial demand and heightened supply concerns, including China's proposed export restrictions from January 2026.
• Analysts expect near-term consolidation but see critical support levels at ₹1.36 lakh for gold and ₹2.40 lakh for silver, maintaining a broader uptrend.
• India's stable macroeconomic environment and ongoing geopolitical tensions further support investor interest in bullion, with a constructive outlook for 2026.

Why It Matters: Gold and silver hit near-record highs in India, fueled by global factors and strong domestic demand.