Gold and silver prices are witnessing a historic surge not just in India but across global markets. From Delhi’s bullion market to international exchanges in New York, both precious metals have touched record highs, driven by strong global cues, geopolitical uncertainty, and growing safe-haven demand.
Silver and gold are creating historic records across domestic and international markets. From Delhi’s bullion market to the futures market, silver prices have jumped sharply, while gold continues its steady climb toward new milestones.
Silver prices have surged by nearly Rs 15,000 in a single move, pushing rates close to the Rs 3 lakh mark in both physical and futures markets. In global trade, silver has crossed $91 per ounce, a level never seen before.
On Wednesday, silver prices in the national capital jumped by Rs 15,000, reaching a fresh all-time high of Rs 2,86,000 per kilogram (inclusive of all taxes). According to the All India Sarafa Association, this marked the fourth consecutive session of gains for silver.
Silver prices rose by Rs 15,000 or 5.5 percent from Tuesday’s closing level of Rs 2,71,000 per kg. Over the last four trading sessions, silver has surged by Rs 42,500 or 17.45 percent, rising from Rs 2,43,500 per kg on January 8.
At the end of December 2025, silver was priced at Rs 2,39,000 per kg, meaning prices have risen by Rs 47,000 so far this year. Traders say silver has outperformed gold in terms of returns during the current calendar year.
Although gold has not witnessed the same explosive rally as silver, it continues to inch steadily higher. On Wednesday, 99.9 percent purity gold rose by Rs 1,500 to hit an all-time high of Rs 1,46,500 per 10 grams (inclusive of all taxes).
In the previous session, gold had closed at Rs 1,45,000 per 10 grams. Over the last four sessions, gold prices have increased by Rs 6,000 or 4.3 percent, from Rs 1,40,500 per 10 grams on January 8.
So far this year, gold prices have risen by Rs 8,800 or 6.4 percent, compared to Rs 1,37,700 per 10 grams on December 31, 2025.
The sharp rise in domestic prices mirrors strong gains in international markets. In New York’s COMEX market, spot silver prices surged past $91 per ounce for the first time ever, jumping more than 5 percent to a record $91.56 per ounce.
Gold prices in overseas markets also touched new highs, rising 1.14 percent to a record $4,640.13 per ounce. Market experts believe silver prices may continue to rise further in the coming days.
Experts attribute the surge to ongoing global geopolitical tensions, a weaker US dollar index, and increased demand for safe-haven assets. Additionally, softer inflation data has strengthened expectations of interest rate cuts by the US Federal Reserve, further boosting the appeal of precious metals.
According to analysts, silver prices could soon reach the Rs 3 lakh per kg mark, while gold prices may approach Rs 1.50 lakh per 10 grams.
In India’s futures market, gold and silver prices are witnessing a sharp surge on the Multi Commodity Exchange (MCX).
At 6:15 pm, silver futures jumped by Rs 15,764 per kg, reaching a record level of Rs 2,90,951 per kg. This means silver needs less than Rs 10,000 more to hit the Rs 3 lakh mark in the futures market.
At 6:20 pm, gold futures were trading Rs 1,162 higher at Rs 1,43,403 per 10 grams. During the session, gold prices also touched a lifetime high of Rs 1,43,500 per 10 grams.