

Reviewed and Rewrite by
Reviewed and rewritten by Finscann News Team
The global financial landscape is shifting toward extreme risk aversion. On January 20, 2026, the bullion market witnessed an explosive rally as gold and silver shattered all-time records on the Multi Commodity Exchange (MCX). Gold futures for February delivery surged to a staggering ₹1,52,500 per 10 grams, marking a historic crossing of the ₹1.50 lakh milestone for the first time.
This massive spike is a direct reaction to the escalating "geopolitical economic warfare" triggered by U.S. President Donald Trump's aggressive push to acquire Greenland and the subsequent threat of punitive tariffs on European allies.
1. Market Breakdown: Record-Breaking Gains
The commodity markets in India and globally are in a "buying frenzy" as traditional equities face immense pressure.
2. The Catalyst: The "Greenland Trade War"
The primary driver behind this flight to safety is the brewing conflict between the United States and the European Union.
3. Why Investors are Flocking to Precious Metals
Historically, gold acts as the ultimate "insurance policy" during economic disorder.
4. Connecting the Macro Dots: The Ripple Effect
Today’s record highs in gold and silver are part of a broader market upheaval:
Looking Ahead: Can the Rally Sustain?
Analysts at major banks like JPMorgan and Bank of America have raised their 2026 gold price forecasts, with some predicting a move toward $5,000–$6,000 per ounce if geopolitical tensions over the Arctic territory do not de-escalate. In the domestic market, silver is being eyed for a potential test of the ₹3.50 lakh level in the coming months.
FinScann Take: We are witnessing a "rebasing" of precious metals. The $1.52 lakh gold price isn't just a number—it’s a signal that the market is bracing for a sustained period of global economic friction. For investors, while the upside is tempting, volatility near these peaks remains extremely high.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Precious metals markets are highly volatile. Consult with a SEBI-registered advisor before making investment decisions.