Silver Breaches Rs 4 Lakh/kg in Delhi; Gold Hits Record Rs 1.83 Lakh/10g Amid Global Rally
Business
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Moneycontrol•29-01-2026, 21:00
Silver Breaches Rs 4 Lakh/kg in Delhi; Gold Hits Record Rs 1.83 Lakh/10g Amid Global Rally
- •Silver prices in Delhi surged past Rs 4 lakh per kilogram, reaching an all-time high of Rs 4,04,500 per kg.
- •Gold also hit a new record of Rs 1,83,000 per 10 grams, marking a 7.02% increase.
- •The sharp rally is attributed to strong safe-haven demand, global economic uncertainty, and escalating geopolitical tensions.
- •Silver's outperformance is further supported by robust industrial demand and a weakening US dollar.
- •Despite price surges, India's gold demand is expected to decline in volume, though value terms show a significant increase.
Why It Matters: Precious metals gold and silver hit record highs in Delhi due to global uncertainty and strong investor demand.
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