Gold and silver have been on a remarkable upward trajectory this year, showing their best performance in 46 years. Gold has surged by nearly 60%, while silver has delivered over 100% returns. On Monday, silver hit an all-time high, making headlines across markets. However, prices of both precious metals slipped in trading today.
Gold Prices Today
Gold, which closed at ₹1,30,652 per 10 grams for the February 5 delivery in the previous session, opened at ₹1,30,110. In early trades, prices touched a low of ₹1,29,597 and a high of ₹1,30,778. By 3:00 PM, gold was trading at ₹1,29,615, down ₹1,037 or 0.79%.
This year, gold has seen gains in 10 out of the last 11 months, positioning it for the fourth-best annual performance in the last 100 years. Historically, gold outperformed similarly in 1973, 1974, and 1979.
Silver Prices Today
Silver, which hit an all-time high of ₹1,82,998 per kg on Monday, closed the session at ₹1,82,030. Today it opened at ₹1,80,701, trading between a low of ₹1,77,750 and a high of ₹1,80,701. By 3:10 PM, silver was down ₹3,930 (2.16%), trading at ₹1,78,100.
Globally, silver prices recently crossed $58 per ounce for the first time, and this year it is showing its best performance since 1979.
Outlook
Analysts suggest that market trends, international demand, and upcoming wedding season purchases will influence prices in the coming months. Experts expect volatility in both gold and silver, but long-term trends indicate strong growth potential heading into 2026.
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