Silver futures surpass ₹2.9 lakh per kg to hit fresh peak; gold at new lifetime high of ₹1.46 lakh/10g in Delhi

Silver futures contracts surpassed the ₹2.9 lakh per kg mark on Wednesday, January 14, rising by 5.8% to a fresh peak of ₹2,91,406 per kg on the MCX. Gold futures also hit a fresh record, increasing to ₹1,43,590 per 10 gram. 

In Delhi, silver prices soared to another lifetime high, crossing the ₹2.85 lakh per kg mark. Silver added ₹15,000, rising to a fresh peak of ₹2,86,000 per kg, according to the All India Sarafa Association. 

The white metal advanced 5.5%, rising for the fourth consecutive session, to ₹2,86,000 per kg, up from Tuesday’s closing price of ₹2,71,000 per kg. 

Meanwhile, gold (24K, 99.9% purity) also climbed to touch a new all-time high of ₹1,46,500 per 10 gram, tracking strong global trends. The yellow metal surged by ₹1,500 to a fresh peak of ₹1,46,500 per 10 gram against Tuesday’s closing price of ₹1,45,000 per 10 gram. 

With Wednesday’s rally, silver has advanced ₹42,500 (17.45%), compared with ₹2,43,500 per kg on January 8. During the last four sessions, gold has risen by ₹6,000 (4.3%) from ₹1,40,500 per 10 grams on January 8.

So far in 2026, silver has added 19.6% when compared to ₹2,39,000 per kg on January 1, while gold has increased by 6.3% from ₹1,37,700 per 10 gram over the last fourteen days. 

Silver continued to outperform gold in terms of returns. While silver rose by 166% in 2025, gold gained 74%. 

International markets

Notably, the domestic bullion rally mirrors sharp gains in the overseas markets. Spot silver on Wednesday breached the $91 per ounce mark for the first time, surging more than 5% to a record of $91.56 per ounce, while gold advanced by 1.14%, to a fresh record of $4,640.13 per ounce.

"Persistent geopolitical unrest across the globe and a weak dollar index boosted safe-haven demand, while softer inflation data increased expectations of an interest rate cut by the US Federal Reserve, underpinning safe-haven appeal," a PTI report quoted an expert as saying.

Gold and silver have been rising in both domestic and international markets due to rising geopolitical tensions, market volatility and weak currencies.

Gold, silver futures

Silver futures on the Multi Commodity Exchange (MCX) grew by nearly 6% on Wednesday, touching a new peak of ₹2,91,406 per kg, up from Tuesday’s closing price of ₹2,75,187 per kg.