Gold and silver prices witnessed a sharp surge on Monday, with silver crossing the historic ₹3 lakh mark per kilogram, while gold also jumped significantly.
Silver Hits Record High
On the MCX, March delivery silver gained over ₹12,000 early in the morning, surpassing ₹3 lakh per kilogram for the first time. Meanwhile, February delivery gold jumped more than ₹2,000, taking the price above ₹1.44 lakh per 10 grams.
Silver’s performance has notably outpaced gold in recent weeks, delivering higher gains to investors. On the international market, gold was trading at $4,672.50 per ounce, while silver stood at $94.065 per ounce. Analysts note that increased uncertainty following U.S. government decisions regarding Greenland contributed to the market volatility.
Why Prices Are Rising
Experts attribute the rally in precious metals primarily to the growing demand for safe-haven assets. Significant inflows into exchange-traded funds (ETFs) globally signal strong investor confidence. Additionally, geopolitical tensions related to Iran and statements by U.S. President Donald Trump have heightened market uncertainty. With potential U.S. Supreme Court rulings on tariff issues looming, investors are increasingly turning to gold and silver to hedge against risk.
Stellar Returns for Investors
So far in 2026, gold has risen by 5%, while silver has jumped 15%. Over the past year, gold prices have surged around 80%, whereas silver has delivered an impressive 192% return. Rising global tensions, Trump’s tariff policies, and significant gold purchases by central banks worldwide are driving continued interest in precious metals.
This rally underscores gold and silver’s status as reliable assets amid global economic uncertainty, offering both protection and profitable returns for investors.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.