Gold ($4,299/ounce) was up 2.4 per cent whereas silver ($61.90/ounce) gained 6.1 per cent. In the domestic market, gold futures (₹1,33,622/10 gm) and silver futures (₹1,92,851/kg) rose 2.4 per cent and 5.1 per cent respectively.
MCX-Gold (₹1,33,622)
Gold futures (February) rose to hit a fresh high of ₹1,35,263 on Friday before moderating to ₹1,33,622.
The price action shows a positive trend and the rally on Thursday and Friday shows that the contract has confirmed a bull flag pattern. As per the chart set-up, the price can rise to ₹1,40,000 soon.
In case the price drops below ₹1,29,000, gold futures can extend the decline to ₹1,27,000. Nevertheless, as it stands, the outlook is bullish.
Trade strategy: Go long now at ₹1,33,622 and accumulate at ₹1,31,000. Place stop-loss at ₹1,28,700. When the contract rallies to ₹1,37,000, alter the stop-loss to ₹1,34,500. Tighten the stop-loss further to ₹1,37,000 when the price hits ₹1,38,500. Book profits at ₹1,40,000.
MCX-Silver (₹1,92,851)
Silver futures (March) surged to hit a record high of ₹2,01,615 on Friday before ending the session at ₹1,92,851. The chart shows that the bullish momentum is stronger in silver futures than gold futures and the probability of more gains is high.
From the current level, the contract might dip to ₹1,85,000. But then, it can resume the uptrend and eventually hit ₹2,05,000 in the near term.
On the other hand, if silver futures drops below ₹1,85,000, there is a support at ₹1,77,000.
Trade strategy: Go long on silver futures (March) if it dips to ₹1,85,000 to achieve better risk-reward ratio. Keep a stop-loss at ₹1,75,000. When the contract rises to ₹2,00,000, tighten the stop-loss to ₹1,95,000. Exit at ₹2,05,000.
Published on December 13, 2025
