Gold Breaks Records: MCX Hits New High Amid Fed Speculation on 8 December 2025
Gold experienced a dynamic day, hitting a fresh record high on MCX above ₹1.30 lakh per 10 grams. Investors keenly await the upcoming US Fed meeting for future direction.
⚡ Key Highlights
- 1MCX gold surged, reaching a fresh record high above ₹1.30 lakh.
- 2Day saw initial dips followed by strong gains, then some profit-booking.
- 3US Federal Reserve meeting this week is a key market driver.
- 4Dollar strength and US economic uncertainty influenced gold prices.
- 5World Gold Council predicts 15-30% gold price surge in 2026.
The Indian gold market witnessed a rollercoaster of activity on Monday, December 8, 2025, with prices ultimately soaring to a fresh record high on the Multi Commodity Exchange (MCX). After an initial slight dip in global markets and mild corrections seen in cities like Hyderabad, the yellow metal staged a significant rally, with MCX gold price jumping above the ₹1.30 lakh per 10 grams mark. This strong upward movement was, however, followed by some profit booking towards the close, causing a slight slip in both gold and silver prices on the MCX. Silver also saw a volatile day, initially spiking 1.5% to ₹1.84 lakh per kg before experiencing a similar correction.
The primary catalyst for gold's dynamic movement was the anticipation surrounding the upcoming US Federal Reserve meeting later this week. While a strengthening US Dollar initially contributed to gold's minor correction, broader US economic uncertainty fueled safe-haven demand, propelling gold higher. Indian investors and jewelry shoppers keenly tracked city-wise rates for 22K, 24K, and even 18K gold across Delhi, Mumbai, Rajkot, and other major centers, reflecting the heightened interest in the precious metal's trajectory. The interplay of global economic signals and domestic market sentiment created a day of significant price fluctuations.
Looking ahead, the market's focus remains squarely on the US Federal Reserve's policy decisions, which are expected to provide clearer direction for gold prices in the short term. Any indications regarding interest rates or economic outlook from the Fed could trigger substantial shifts. Beyond the immediate horizon, the World Gold Council (WGC) has offered a bullish long-term outlook, predicting that gold prices could surge by 15% to 30% in 2026. This forecast is underpinned by several key factors, including geopolitical uncertainties and central bank policies, suggesting that the yellow metal may continue its upward journey for investors. For those considering purchases, staying informed about global economic cues and the Fed's stance will be crucial in the coming days.