Silver and Gold Prices Soar to Record Highs in Delhi Markets
New Delhi- The silver market witnessed a remarkable surge as prices soared by Rs 15,000 to reach an all-time high of Rs 286,000 per kg in New Delhi on Wednesday. Similarly, gold prices also climbed to touch a lifetime peak of Rs 146,500 per 10 grams, driven by robust global trends.
The All India Sarafa Association reported that silver prices continued their impressive rally for the fourth consecutive day, marking a significant jump of Rs 15,000 or 5.5%. The metal reached a new milestone of Rs 286,000 per kilogram, inclusive of all taxes, surpassing the previous day’s closing of Rs 271,000 per kg.
Over the last four sessions, silver has witnessed a substantial appreciation of Rs 42,500, translating to a remarkable 17.45% increase from Rs 243,500 per kg on January 8.
Traders noted that silver has been outperforming gold in terms of returns, with the metal rallying nearly 20% during the calendar year, gaining Rs 47,000 from its price of Rs 239,000 per kg at the end of 2025.
Gold of 99.9% purity also experienced a significant rise, increasing by Rs 1,500 to achieve a new peak of Rs 146,500 per 10 grams, inclusive of all taxes, on Wednesday. This surge follows the metal’s previous settlement at Rs 145,000 per 10 grams.
In the past four sessions, the price of gold has increased by Rs 6,000, representing a 4.3% rise from Rs 140,500 per 10 grams on January 8.
Since the beginning of the year, gold prices have seen a gain of Rs 8,800 or 6.4% from Rs 137,700 per 10 grams recorded at the end of 2025.
The rally in domestic bullion prices mirrors the sharp gains seen in the international markets. Spot silver breached the USD 91 per ounce mark for the first time, surging over 5% to a record high of USD 91.56 per ounce, while gold advanced by 1.14% to reach a new peak of USD 4,640.13 per ounce.
An expert attributed this surge to persistent geopolitical unrest globally, a weak dollar index boosting safe-haven demand, and softer inflation data increasing expectations of a US Federal Reserve interest rate cut, further enhancing safe-haven appeal.
