Silver and Gold Prices Scale New Peaks in Delhi Market
Precious metals continued their spectacular rally in the national capital on Tuesday. Silver prices surged sharply, rising by Rs 6,000 to touch a fresh lifetime high of Rs 2,71,000 per kilogram. Gold also climbed higher, setting another record level of Rs 1,45,000 per 10 grams. Sustained buying interest drove both metals to these unprecedented levels.
Silver Extends Rally for Third Straight Session
According to the All India Sarafa Association, silver extended its rally for the third consecutive session. The white metal gained 2.3 per cent on Tuesday alone. This follows a massive jump of Rs 15,000 on Monday. With the latest rise, silver has gained Rs 21,000 over the last three trading sessions. That represents an impressive increase of 8.4 per cent.
Since the end of December 2025, silver prices have appreciated by Rs 32,000. This marks a substantial rise of 13.4 per cent in a relatively short period. The consistent upward movement highlights strong investor confidence in the metal.
Gold Also Edges Higher to All-Time High
Gold of 99.9 per cent purity also edged higher on Tuesday. It gained Rs 400 to settle at an all-time high of Rs 1,45,000 per 10 grams. In the previous session, gold had risen sharply by Rs 2,900. The steady climb demonstrates persistent demand for the yellow metal.
Geopolitical Uncertainty Fuels Safe-Haven Demand
Market participants attributed the strong rally in precious metals to continued demand for safe-haven assets. This demand stems from ongoing geopolitical uncertainty. Saumil Gandhi, senior analyst (Commodities) at HDFC Securities, commented on the trend. He said, "The record-breaking rally in precious metals continues, underpinned by persistent safe-haven demand." Gandhi added that this demand is "driven by prolonged geopolitical tensions, most recently centred on Iran."
Overseas Markets Show Mixed Trends
In the overseas markets, spot gold eased marginally after hitting record levels earlier in the week. It was trading at $4,586.49 per ounce. Praveen Singh of Mirae Asset ShareKhan provided his analysis. He said gold was consolidating after a steep rally. Singh noted that concerns over the US Federal Reserve's independence had recently fuelled gains. However, some profit-taking has now emerged.
Spot silver traded higher at $85.64 per ounce. This comes after scaling a fresh peak of over $86 per ounce on Monday. The international markets reflect similar bullish sentiments, albeit with minor corrections.
Analysts Point to Multiple Supporting Factors
Analysts highlighted several factors supporting bullion prices. Sustained investment demand remains a key driver. Technical strength in the charts also contributes to the upward momentum. A supportive dollar environment continues to lend support to precious metals.
Investors are now awaiting key US inflation data. This data will provide further cues on monetary policy and near-term price direction. The market remains watchful for any signals that could influence future trends.
The bullion market in Delhi is experiencing unprecedented activity. Both retail and institutional investors are actively participating. The combination of local and global factors creates a dynamic trading environment. Prices may continue to exhibit volatility in the coming sessions.
