New Delhi: Precious metals hit historic highs in Delhi’s Sarafa market on Thursday, with silver crossing ₹4 lakh per kilogram for the first time and gold reaching its highest-ever level. Geopolitical tensions and economic uncertainty are driving investors toward safe-haven assets, fueling unprecedented demand for gold and silver.
Silver Breaks ₹4 Lakh Barrier
According to the All India Sarafa Association, silver has seen a fourth consecutive session of gains. On Thursday, silver prices surged by ₹19,500 (nearly 5%) to ₹4,04,500 per kilogram (including all taxes), up from ₹3,85,000 per kilogram on Wednesday. Over four trading sessions, silver has gained ₹84,500, setting a new domestic record.
| Day | Silver Gain (₹) | Closing Price (₹/kg) |
|---|---|---|
| Friday | 9,500 | 3,29,500 |
| Tuesday | 40,500 | 3,70,000 |
| Wednesday | 15,000 | 3,85,000 |
| Thursday | 19,500 | 4,04,500 |
| Total | 84,500 | — |
Gold Also Rockets
Gold prices witnessed a strong surge, with 99.9% purity gold rising by ₹12,000 (around 7%) to ₹1,83,000 per 10 grams (all taxes included), up from ₹1,71,000. Analysts say this marks the largest jump in gold prices in recent times.
Market experts note that the domestic surge mirrors global trends, as investors seek safe-haven assets amid geopolitical tensions, a weakening U.S. dollar, and overall economic uncertainty. Gold and silver are considered the most secure investments during such periods, driving their demand sharply higher.
International Markets Also Rally
The rally is not limited to India. In international markets, gold jumped over $177 to reach $5,595 per ounce, setting a new record. Similarly, silver crossed $120 per ounce, its highest level ever.
How Long Will These Records Hold?
Experts believe that gold and silver prices will remain strong as long as global uncertainty persists and the U.S. dollar remains under pressure. Investors are closely watching international developments and economic signals. Historically, gold and silver perform best during periods of political and economic instability, making them a preferred safe-haven asset globally.
This record-breaking surge in Delhi’s Sarafa market reflects a global trend, with both domestic and international prices reaching new highs, underscoring the value of precious metals in uncertain times.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.