Silver, Gold Hit Lifetime Highs
Silver jumps ₹15,000 to ₹2.65 lakh/kg, gold climbs to ₹1.44 lakh per 10 gm amid global rally
- Silver surges 6% to a record ₹2,65,000 per kg in Delhi
- Gold rises to an all-time high of ₹1,44,600 per 10 grams
- Global gold crosses USD 4,600 per ounce for the first time
- Geopolitical tensions and Fed rate-cut bets fuel rally
GG News Bureau
Mumbai, 13th Jan: Silver prices surged sharply by ₹15,000 to touch a lifetime high of ₹2,65,000 per kilogram in the national capital on Monday, while gold climbed to a fresh record of ₹1,44,600 per 10 grams, tracking a powerful rally in global bullion markets.
According to the All India Sarafa Association, silver jumped 6 per cent from its previous close of ₹2,50,000 per kg to reach a new peak (inclusive of all taxes). Gold of 99.9 per cent purity also gained ₹2,900, or 2.05 per cent, from Friday’s close of ₹1,41,700 per 10 grams.
In international markets, spot gold surged past the USD 4,600 per ounce mark for the first time, rising by USD 90.72, or 2 per cent, to hit a record USD 4,601.69 per ounce. Spot silver also soared nearly 6 per cent to touch a fresh all-time high of USD 84.61 per ounce.
Market experts attributed the sharp rally to intensifying geopolitical tensions and growing expectations of further interest rate cuts by the US Federal Reserve. “Silver has breached USD 84 per ounce, driven by rising geopolitical risks and expectations of deeper rate cuts,” said Renisha Chainani, Head – Research at Augmont.
Concerns over escalating unrest in Iran and the continuing Russia–Ukraine conflict have added to safe-haven demand. US President Donald Trump has also hinted at possible military action against Iran, further heightening market uncertainty.
Adding to volatility, reports of a criminal investigation into Federal Reserve Chair Jerome Powell have revived concerns about the central bank’s independence, weakening the US dollar and supporting bullion prices, said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
Gaurav Garg of Lemonn Markets Desk said the broader outlook for precious metals remains positive amid volatile equity markets, persistent geopolitical risks and sustained demand for safe-haven assets.
