Gold Prices Surge in New Delhi
Gold prices in New Delhi witnessed a significant increase, rising by Rs 1,100 to reach Rs 1,39,440 per 10 grams. This surge was attributed to strong trends in international markets, as reported by market experts.
Silver prices also experienced a notable jump, climbing by Rs 4,000 to Rs 2,41,400 per kilogram, inclusive of all taxes.
International Market Trends
In the global market, spot gold saw a rise of USD 67.47, marking a 1.56% increase to reach USD 4,392.94 per ounce. The surge in spot gold prices was driven by various factors, including expectations of a rate cut by the US Federal Reserve and a positive outlook for the metal, according to Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
Singh further added that in the short term, gold is expected to trade within the range of USD 4,250-4,335 per ounce, pending the release of key US reports such as ISM manufacturing, ISM non-manufacturing, and the non-farm payroll report scheduled for the following week.
Spot silver also recorded a gain, rising by USD 3.06 or 4.28% to USD 74.52 per ounce in overseas trading.
Market Analysis and Outlook
According to Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, silver prices globally started the year 2026 on a positive note, following significant increases in 2025, which were the strongest in over four decades. The upward trend in silver prices has been supported by ongoing geopolitical uncertainty, expectations of reduced US borrowing costs, and a strong dollar.
Gandhi highlighted that recent developments, such as tighter restrictions on Venezuela’s oil exports by the US and renewed hostilities between Russia and Ukraine, have further boosted safe-haven demand for precious metals.
Overall, the market sentiment remains positive for both gold and silver, with investors closely monitoring global economic indicators and geopolitical events for potential impact on prices.
