Silver Surges ₹45,500 in Five Days; Gold Hits New Highs – What’s the Price Today?

Silver and gold continue their meteoric rise in the Indian market, driven by robust domestic demand and global economic uncertainty. In New Delhi, silver surged ₹3,000 on Thursday to touch a record ₹2,89,000 per kilogram. Gold also climbed to a new peak of ₹1,47,300 per 10 grams, fueled by persistent buying from stockists, jewellers, and retail investors.

Silver’s Spectacular Five-Day Rally
Silver has gained nearly ₹45,500 in just five trading sessions. After starting at ₹2,43,500 per kilogram on 8 January, it jumped to ₹2,50,000 on Friday, ₹2,65,000 on Monday, ₹2,71,000 on Tuesday, ₹2,86,000 on Wednesday, and finally ₹2,89,000 on Thursday—marking an approximate 16% increase in less than a week.

Gold has mirrored this bullish trend, rising ₹800 on Thursday to reach ₹1,47,300 per 10 grams, up from ₹1,46,500 in the previous session. Since the start of 2026, gold prices have climbed nearly ₹9,600, reflecting a 7% gain so far.

Domestic Demand Drives Momentum
According to the All India Sarafa Dealers Association, the sharp rise in prices is primarily due to sustained buying in the domestic market, even as international markets showed minor corrections. Analysts note that jewellers, stockists, and retail buyers have been actively acquiring metals, keeping momentum alive despite slight global dips.

Why Silver is the Investor Favorite
Rajkumar Subramanyam, Head of Products and Family Office at PL Wealth Management, explained, “Silver has emerged as a highly attractive strategic metal at present. Its dual role—as an investment asset and for industrial use—makes it a crucial link between market demand and industrial consumption.”

Globally, silver hit a record $93.52 per ounce on Wednesday but eased 2.13% to $91.20 per ounce on Thursday, while spot gold dipped slightly to $4,614.45 per ounce after earlier hitting $4,643.06. These international movements are being viewed as technical corrections and may influence domestic market trends in the short term.

Outlook
With silver consistently outperforming gold for the second consecutive year, investors are closely watching price movements. While short-term volatility is expected, the fundamental drivers—strong domestic demand, strategic value, and industrial use—remain robust, supporting the metals’ ongoing bullish trajectory.