Silver Crosses ₹3 Lakh Mark, Gold Hits Fresh Record High in India

Silver prices are witnessing an unprecedented surge globally and in India. While silver has crossed the $93 per ounce mark in international markets, prices in India have surged past ₹3 lakh per kilogram, creating a new record. Gold prices have also touched historic highs in Delhi, driven by strong safe-haven demand amid global uncertainty and tariff-related concerns. Analysts believe the rally in precious metals may continue in the coming days.

Silver Prices Surge Globally and in India

Silver prices are on a sharp upward trajectory worldwide. In overseas markets, silver has crossed $93 per ounce, while in India, prices have surged beyond ₹3 lakh per kilogram.

In the morning session, silver crossed the ₹3 lakh mark on the futures market. Later in the evening, reports from the Delhi bullion market also confirmed silver prices touching the same milestone. Notably, silver prices have already risen by more than ₹63,000 per kg in January alone.

Gold Prices Touch Record Levels

Gold prices in Delhi have also reached record highs. Market experts believe gold could soon approach the ₹1.5 lakh per 10 grams level in the coming days.

So far this month, gold prices have surged by over 6.5%. Analysts attribute the rally to increased investor interest in safe-haven assets, largely driven by tariff-related concerns linked to former US President Donald Trump’s trade policies. Both gold and silver prices are expected to remain firm in the near term.

Silver Crosses ₹3 Lakh per kg in Delhi

In the national capital, silver prices have officially crossed the ₹3 lakh per kilogram mark, setting a new record.

• On Monday, silver prices in Delhi jumped by ₹10,000 per kg to reach ₹3,02,600 per kg

• In the previous trading session, silver was priced at ₹2,92,600 per kg

Looking at monthly performance, silver has risen by nearly 27% in January. On December 31, 2025, silver was priced at ₹2,39,000 per kg, meaning prices have surged by ₹63,600 per kg so far.

Gold at Record High in Delhi Bullion Market

Gold prices in Delhi have also touched record levels, nearing the ₹1.5 lakh mark.

According to Delhi bullion market data:

• On Monday, gold prices rose by ₹1,900

• Prices reached ₹1,48,100 per 10 grams (inclusive of all taxes)

• On Friday, gold had closed at ₹1,46,200 per 10 grams

In January alone, gold prices have risen by 6.55%. On December 31, gold was priced at ₹1,39,000 per 10 grams, reflecting a rise of ₹9,100 so far.

Gold and Silver Hit Record Highs on MCX

Record highs were also observed on the Multi Commodity Exchange (MCX).

Silver on MCX

• During the trading session, silver surged by ₹16,438

• Prices touched ₹3,04,200 per kg

• At 7:45 PM, silver was trading at ₹3,03,471 per kg, up by ₹15,709

Gold on MCX

• During the session, gold prices rose by ₹2,983

• Gold touched a record ₹1,45,500 per 10 grams

• At 7:45 PM, gold was trading at ₹1,44,942 per 10 grams, up by ₹2,425