New Delhi: Silver prices in the national capital have witnessed a sharp rally, crossing the ₹3 lakh per kilogram mark for the first time. This marks the seventh consecutive session of gains for the white metal. Gold prices also surged to a record ₹1.48 lakh per 10 grams, reflecting strong demand both domestically and globally.
On Monday, silver traded at ₹3,02,600 per kilogram, up ₹10,000 from Friday’s closing of ₹2,92,600. The sharp rise was driven by robust investor interest and positive global trends. Similarly, gold prices rose by ₹1,900 to ₹1,48,100 per 10 grams, compared to Friday’s ₹1,46,200.
Week-long Silver Rally
| Date | Daily Rise (₹) | Closing Price (₹/kg) |
|---|---|---|
| Fri, 9 Jan | 6,500 | 2,50,000 |
| Mon, 12 Jan | 15,000 | 2,65,000 |
| Tue, 13 Jan | 6,000 | 2,71,000 |
| Wed, 14 Jan | 15,000 | 2,86,000 |
| Thu, 15 Jan | 3,000 | 2,89,000 |
| Fri, 16 Jan | 3,600 | 2,92,600 |
| Mon, 19 Jan | 10,000 | 3,02,600 |
| Total Rise | 59,100 | — |
In the futures market, silver also recorded impressive gains. On the Multi Commodity Exchange (MCX), March delivery silver surged by ₹16,438 (nearly 6%) to a record ₹3,04,200 per kilogram.
Expert Insights
Market analysts attribute the rally to rising demand for precious metals amid global economic uncertainties. Investors are increasingly turning to gold and silver as safe-haven assets, driving up prices.
Aamir Makda, Commodity & Currency Analyst at Choice Broking, noted, “Silver has maintained the momentum seen in 2025, delivering nearly 30% returns. Industrial shortages and geopolitical developments have supported prices, pushing silver to around $94 per ounce — levels once considered unimaginable.”
Experts further highlighted that rising industrial demand and a weaker US dollar have provided additional support to silver. In recent sessions, silver has outperformed gold, reflecting its dual appeal as both an investment and industrial commodity.
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