In a dazzling display of market strength, gold and silver prices in India smashed all-time highs on Tuesday, with silver’s kilo rate exploding by nearly 27,000 rupees. India Bullion Jewellers reported silver at a jaw-dropping 3,44,564 rupees per kilogram after a 26,859-rupee leap from 3,17,705 rupees. Gold enthusiasts witnessed 24-carat purity hitting 1,58,901 rupees per 10 grams, a 4,591-rupee increase from 1,54,310 rupees.
Lower purities also shone brightly: 22-carat gold advanced to 1,45,553 rupees per 10 grams from 1,41,348 rupees, and 18-carat reached 1,19,176 rupees from 1,15,733 rupees. The spot market’s fervor spilled over to MCX futures, where gold’s February 2026 contract rose 1.54% to 1,58,440 rupees, and silver’s March 2026 deal skyrocketed 8.54% to 3,63,299 rupees.
Contrasting sharply, global benchmarks softened, with gold at 5,114 dollars per ounce (down 0.15%) and silver at 111 dollars per ounce (down 3.17%). Experts point to US tariff threats sparking worldwide volatility, funneling investments into gold and silver as bulwarks against economic turbulence.
Silver’s meteoric rise outpaces gold due to acute supply-demand imbalances. Industrial applications have boomed, particularly in solar energy, EVs, and high-tech gadgets, creating insatiable hunger for the white metal. This trend, coupled with safe-haven buying, signals sustained bullishness.
For Indian markets, this surge reshapes strategies. Investors are piling in, jewelers are recalibrating inventories, and households are rethinking big-ticket buys. As international pressures mount, domestic prices may decouple further, cementing gold and silver’s status as resilient assets in uncertain times. Watch for policy shifts that could amplify or temper this rally.
