Gold Rates In India Break Lifetime Records: 24K, 22K, 18K Gold Outlook; Will 10 Grams Hit Rs 1.4 Lakh Today?

Gold rates in India have rallied to break lifetime records, with 10 grams of 24 carat crossing Rs 1,35,000 mark. The latest bullish trend in gold prices is due to renewed demand for safe haven and upcoming US economic data like Non-Farm Payrolls and the Core PCE Price Index. MCX gold price is expected to scale higher ahead.

Gold Rates In India:

10 grams gold price touched a new all-time high of Rs 1,35,380 in 24 carat, at Rs 1,24,100 in 22 carat and Rs 1,01,540 in 18 carat. Further, 100 grams gold prices stood at new lifetime highs of Rs 13,53,900 in 24 carat, at Rs 12,41,000 in 22 carat, and at Rs 10,15,400 in 18 carat.

Furthermore, the cheapest gold price is at Rs 13,538 per 1 gram in 24 carat, at Rs 12,410 in 22 carat, and at Rs 10,154 in 18 carat.

Silver Rates In India:

Silver rates in India also stood at new lifetime high. 1Kg silver is Rs 2,03,000, while 100 grams and 10 grams silver prices stood at Rs 20,310 and Rs 2,030 respectively.

Gold & Silver Prices Outlook:

As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, the bullish trend was driven by renewed safe-haven demand and expectations around upcoming U.S. economic data. With Non-Farm Payrolls and the Core PCE Price Index scheduled this week, focus has firmly shifted to U.S. macro cues, which are expected to keep volatility elevated.

For this week, analysts at SMC Global Securities in their note said, gold prices surged over 2%, while silver jumped 8.3% last week, driven by growing expectations of further U.S. monetary easing. Fresh labor market data reinforced the view that the Federal Reserve could deliver two rate cuts in 2026. Jobless claims for the week ending December 6 rose more than expected to their highest level in over two months, signalling continued labor market softness. The rally followed the Fed's third 25 bps rate cut of the year and a notably less hawkish tone. Chair Jerome Powell confirmed that additional rate hikes are effectively off the table, which prompted traders to price in two rate cuts for 2026-despite Fed projections indicating only one.

Also, the committee's revised guidance suggested flexibility, noting that future cuts would depend on incoming data. Alongside this, policymakers raised their growth forecasts while lowering inflation projections for 2025-2026, pressuring the U.S. dollar and supporting precious metals.

Furthermore, as per SMC's analysts, the Fed also announced a $40 billion purchase program in short-term Treasury bills to ease money market strains-expected to cap short-term yields and enhance demand for safe-haven assets like gold and silver. Silver extended its rally to fresh all-time highs, benefiting from both monetary and physical factors. Tightening supply, rising lease rates, and strong industrial demand-from solar, EV, and data center sectors-added further momentum.

That being said, analysts added, "ETF inflows and robust retail buying reinforced expectations of a market deficit in 2026. The gold-silver ratio slipped below 68, with potential to decline toward 62, suggesting silver's continued outperformance over gold."

MCX Gold Price + MCX Silver Price

MCX gold price with January 2026 expiry, touched new all-time high of Rs 1,33,633 per 10 grams, while February 2026 expiry hit new record of Rs 1,35,496 per 10 grams.

In case of silver, the February and March 2026 expiry were near their record highs and traded near Rs 2 lakh mark.

Should You Buy Gold & Silver At MCX?

Analysts at Nirmal Bang in their technical report dated December 16 said, gold prices are expected to rise. One can buy at 133300 with a stop loss of 132800. Prices are expected to test 133800-134500. One can also sell from 135000 with a stop loss of 135600.

On silver, analysts said, silver prices are expected to rise. One can buy at 196500 with a stop loss of 194000 for the target 200000-203000. One can sell at 201000 with a stop loss of 203000.

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