(24 Jan 2026, 11:23)

Weekly Gold Review: COMEX futures race near $5000 per ounce mark

COMEX Gold gained impressively amid broadly supportive undertone as uncertain global geopolitical outlook boosted the metal. COMEX Gold futures scaled up a fresh all time high near $5000 per ounce and added around 8.40% for the last week. The US inflationary trends remained lax and US dollar dipped near four-month low, boosting the bullion futures. Silver futures surged to another record high as well, breaking above key $95 per ounce milestone. While tensions owing to Greenland have abated a bit, the worries over Iran are supporting safe-haven demand impressively for the precious metals. Indian demand trends are broadly steady. India's Gold imports came in at Rs 37245 crore in value terms in December 2025, dropping around 6.80% compared to December 2024. Silver imports surged though, jumping 90% on year to Rs 6828 crore in the month. Gold imports value in first nine-months of FY26 gained by 6.50% on year to Rs 433912 crore while Silver imports during the same period spiked 1.40% to Rs 68431 crore. Gold imports edged up 4.28% on a monthly basis while Silver imports fell around 28% on month.

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Weekly Gold Review: COMEX futures race near $5000 per ounce mark