Gold slipped 0.4% on the final trading day of 2025 to ₹1,36,124 per 10g (approximately $4,334/oz), cooling after hitting an all-time high of $4,549 earlier in the month. The pullback reflects profit-taking rather than fundamental weakness.
Silver fell more sharply, dropping over 6% to ₹2,35,952/kg on December 31, a reversal following a 12% surge in the previous session. The metal's volatility highlights retail and institutional repositioning ahead of year-end.
The year as a whole was historic for precious metals. Gold surged 66% through 2025, while silver soared 161%, driven by central bank purchases, industrial demand, and persistent geopolitical and macroeconomic uncertainties.
Looking ahead, Wall Street remains constructive. Goldman Sachs forecasts gold will reach $4,900/oz in 2026, while BNP Paribas sees silver climbing to $100/oz. These targets reflect expectations that safety demand will sustain prices amid evolving monetary policy and global risks.
For Indian investors and commodity traders, the volatility underscores the importance of timing entries and exits in precious metals markets. Year-end profit-taking is typical behavior before fresh rallies.
