Gold, silver and copper are once again trading close to their all time zones, continuing the huge run we saw through-out 2025. The momentum in commodities has stayed strong, driven by global uncertainty, supply issues and steady demand from both investors and industries.
Approx levels today
• Gold futures are around ₹1,33,000 per 10g, just under the recent highs near ₹1,32,500–₹1,35,000.
• Silver futures recently hit a new peak near ₹1,95,000+ per kg and silver Mar Futures has crossed ₹2,00,000.
• Copper on MCX is near ₹1,100–₹1,120 per kg, very close to this year’s top.
What drove the big rally in 2025?
• Gold has jumped nearly 60 percent globally in one year. Safe haven buying, central bank purchases and rupee weakness have all helped domestic gold move sharply higher.
• Silver has delivered strong double digit gains and almost 18–20 percent in just the past month as traders chased the breakout to new highs.
• Copper is up nearly 30 percent year on year as supply remains tight, major economies increase manufacturing activity, and clean energy investments keep demand strong.
Extra insights traders are watching
• Central banks across the world are still buying gold at record paces, which supports prices at higher zones.
• Silver is benefiting from both investor demand and industrial demand from solar, EVs and electronics.
• Copper is seen as a barometer of global growth; any pickup in infrastructure and energy projects tends to push it higher.
• Rupee weakness against the dollar has added extra lift to domestic commodity prices.
• High levels usually mean sharper swings, so short term traders may see more volatility.
With all three major commodities near record highs, the big question is:
Is this the top, or could 2026 bring another leg of the rally?
How are you trading this move even with ETFs or futures — booking gains, trailing stop losses, or waiting for dips to re-enter? Do share your views on this.
It is causing pain and sometimes blowing away gains 