Precious metals markets have achieved extraordinary milestones as silver prices surged ₹9,750 to hit a new record of ₹2,27,000 per kilogram in Delhi, while the white metal breached the $72 per ounce mark in global markets. Gold continues its historic rally, crossing $4,525 per ounce for the first time, as both metals extend their upward momentum amid expectations of dovish U.S. Federal Reserve policy and ongoing geopolitical tensions.

Silver's Record-Breaking Performance

Silver has emerged as the standout performer in precious metals markets, with spot silver reaching a fresh high of $72.70 per ounce in overseas trade. According to the All India Sarafa Association, silver prices in the national capital jumped significantly from Tuesday's closing of ₹2,17,250 per kilogram.

"Spot silver crossed the USD 72 level as the bullion prices hit record highs in the international markets," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities. The metal has demonstrated exceptional strength, rising from ₹89,700 per kilogram recorded on December 31, 2024.

Kiyosaki's Bold $200 Silver Prediction

Robert Kiyosaki, author of "Rich Dad Poor Dad," has made headlines with his bullish forecast for silver prices. In a social media post on platform X, Kiyosaki stated that silver crossing the $70 level is "great news" for gold and silver stackers but "bad news for fake money savers."

Expressing concerns about hyperinflation, Kiyosaki predicted that silver could climb to $200 per ounce by 2026 as the dollar continues to lose value. "Don't be a loser," Kiyosaki wrote, urging investors to consider the declining purchasing power of fiat currencies.

Gold's Continued Strength

Gold has also reached fresh record highs, with spot gold crossing the $4,500 per ounce mark for the first time by rising $41.18, or 0.92%, to $4,525.96 per ounce. "Spot gold reached a fresh record high of USD 4,525 per ounce in the Asian session as the US dollar remains on defensive," said Praveen Singh, Head of Commodities and Currencies at Mirae Asset ShareKhan.

Market Drivers and Expert Analysis

Market experts attribute the bullish momentum to several key factors. Gandhi noted that a weak U.S. dollar, expectations of dovish monetary policy from the U.S. Federal Reserve, and ongoing geopolitical tensions continue to act as tailwinds for precious metals.

Renisha Chainani, Head - Research at Augmont, explained: "Spot silver rose to hit record USD 72 per ounce, setting new records, fuelled by anticipation of further monetary policy easing by the US Federal Reserve and increased geopolitical tensions."

Chainani also highlighted that "rising tensions between the US and Venezuela have boosted safe-haven flows into the bullion prices. Further, US Q3 GDP data failed to strengthen the US dollar despite increased bets on two Fed rate cuts in 2026."

Trading Outlook and Market Sentiment

The sustained upward trajectory in both metals indicates broad-based strength in precious metals trading. Silver's performance marks its best showing in recent years, while gold continues to benefit from safe-haven demand amid global uncertainties.

Market participants expect both precious metals to remain sensitive to macroeconomic signals, including Federal Reserve policy guidance, currency movements, and geopolitical developments. The combination of monetary policy expectations and geopolitical risks continues to support the bullish outlook for precious metals in the near term.

India has witnessed a substantial decline in gold imports during November, with the Trade Secretary officially reporting a 60% drop in import volumes. This significant reduction marks a notable shift in the country's precious metal trade activity.

Import Performance Overview

The reported 60% decline represents a major contraction in India's gold import sector. As one of the world's largest gold consumers, such a dramatic reduction in import volumes indicates significant changes in market dynamics.

Market Impact

The substantial drop in gold imports reflects changing patterns in India's precious metal trade. India traditionally maintains high gold import levels due to strong domestic demand driven by cultural preferences, jewelry consumption, and investment purposes.

Official Confirmation

The Trade Secretary's official report confirms the magnitude of this decline, providing authoritative data on the country's gold import performance. This government-level confirmation underscores the significance of the reduction in trade volumes.

Conclusion

The 60% decline in November gold imports represents a major development in India's commodity trade sector. The Trade Secretary's official reporting highlights the substantial nature of this reduction in precious metal import activity, which could have far-reaching implications for the country's gold market and related industries.