Gold, Silver Prices Soar: Rally Continues, Analysts Predict Further Gains

• Gold prices continued their upward trend on December 26; 24-carat gold reached ₹139410 per 10 grams in Delhi and ₹139260 in Mumbai.
• The international spot price for gold is $4,525.96 per ounce, marking a 73.7% increase this year.
• Analysts, including Goldman Sachs, forecast gold to reach $4,900 per ounce by next December, citing continued central bank buying.
• Silver prices also rose on December 26, reaching ₹234100 per kilogram domestically and $72.70 per ounce internationally.
• Silver has seen significant gains this year, up 151% internationally and 153% in the domestic market.

Why It Matters: Gold and silver prices are surging, with experts predicting continued growth driven by strong demand.