Silver prices at fresh peak of ₹2.71 lakh/kg; gold rates soar to record high of ₹1.45 lakh/10g in Delhi

Silver at new peak: Silver rates in Delhi surged to a new lifetime high of ₹2,71,000 per kg, rising by ₹6,000 on Tuesday, January 13, according to the All India Sarafa Association. The white metal ended at ₹2,65,000 per kg on Monday.

Meanwhile, gold prices (24K, 99.9% purity) surged to a fresh record high of ₹1,45,000 per 10 gram amid sustained buying by traders after closing at ₹1,44,600 per 10 gram on Monday.

In just the last three trading sessions, silver has jumped by as much as 8.4% (₹21,000), and has risen by 13.4% so far in 2026, rising from ₹2,39,000 per kg recorded on December 31, 2025.

According to a PTI report, traders attributed the surge to sustained demand for safe-haven assets amid heightened geopolitical uncertainty. Gold and silver rise during uncertain situations like rising geopolitical risks, market volatility and weak currencies.

In the international markets, spot gold eased by $10.93, or 0.24%, to $4,586.49 per ounce, after hitting a record of $4,630.47 per ounce on Monday.

"Spot gold is consolidating its gains after a steep rally as it reached a fresh record high of $4,630 per ounce on Monday amid geopolitical concerns and growing threat to the Federal Reserve's independence," the PTI report quoted Praveen Singh, Head of Commodities, Mirae Asset ShareKhan, as saying.

He added that a joint statement was issued by a coterie of former Federal Reserve chairs, Treasury secretaries, and economists criticising the Department of Justice's probe into Fed Chair Jerome Powell, which has helped temper fears over the central bank's autonomy, leading to profit-taking in gold.

Additionally, spot silver was trading 0.58% higher at $85.64 per ounce in the overseas markets. The white metal had soared by $6.3, or 7.9%, on Monday to scale a fresh peak of $86.26 per ounce.

Silver leads commodity gains, surging to around $86.60 per ounce level, amid sustained investment demand and technical strength, the PTI report quoted Gaurav Garg, Research Analyst at Lemonn markets desk, as saying.

The US dollar index is trading near resistance levels and has lent support to bullion prices by eliminating depreciation headwinds, Garg added.