Silver Hits Lifetime High, Gold Touches Record ₹1.45 Lakh Per 10g Amid Global Uncertainty
Silver Hits Lifetime High, Gold Touches Record ₹1.45 Lakh Per 10g Amid Global Uncertainty
Safe-haven buying pushes precious metals to historic levels as investors react to geopolitical risks and rate cut expectations
Gold and silver prices surged to historic highs on January 14, driven by global economic uncertainty, geopolitical tensions, and growing expectations of interest rate cuts by the US Federal Reserve. The sharp rise reflects strong demand for safe-haven assets as investors look to protect their wealth amid volatile market conditions.
In the international market, spot gold climbed over 0.75 per cent to hit an all-time high of $4,633.60 per ounce. Silver also touched a fresh lifetime high of $90 per ounce, supported by robust investment interest and rising industrial demand. Analysts say the rally in precious metals signals heightened risk aversion among global investors.
In the Indian market, gold and silver followed the global trend. In Mumbai, the price of 24-carat gold rose to ₹1,43,620 per 10 grams, while 22-carat gold was available at ₹1,31,650 per 10 grams. These prices do not include Goods and Services Tax (GST) and making charges, which vary depending on the jeweller.
Silver prices also touched a new record, climbing to ₹2,90,900 per kilogram in the spot market. With this latest jump, silver has gained nearly ₹21,000, or about 8.4 per cent, in just the last three trading sessions, reflecting strong momentum in the white metal.
On the Multi Commodity Exchange (MCX), gold futures for the February 5, 2026 contract rose 0.60 per cent to trade at ₹1,43,092 per 10 grams in morning trade. Silver futures for the March 5, 2026 contract surged 4.25 per cent to ₹2,86,877 per kilogram, indicating aggressive buying by traders.
Market experts say several factors are pushing prices higher. These include uncertainty over global economic growth, rising geopolitical risks, and expectations that central banks, especially the US Federal Reserve, may start cutting interest rates in the coming months. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, making them more attractive to investors.
In India, gold continues to hold strong cultural and financial importance. It is widely seen as a secure investment and remains central to weddings, festivals, and long-term savings. Whenever global uncertainty rises, domestic demand for gold often increases, adding further support to prices.
Silver, meanwhile, is gaining from both investment demand and its growing use in industries such as electronics, renewable energy, and electric vehicles. This dual demand has made silver one of the strongest-performing commodities in recent weeks.
Prices of gold and silver in India are influenced by several factors, including international market rates, import duties, currency exchange fluctuations, and domestic taxes. These elements together determine daily price movements across cities.
With precious metals trading at record levels, investors and buyers are closely watching the market for further direction. While some see this as a sign of continuing global stress, others believe the rally may stabilise if economic and geopolitical conditions improve.
For now, gold and silver remain firmly in focus as preferred safe-haven assets during uncertain times, with their historic price levels reflecting the depth of investor concern and demand for stability.
Disclaimer: This article is for information purposes only and does not constitute financial or investment advice. Please consult a certified financial advisor before making any investment decisions.
