New Delhi | January 12, 2026
Gold and silver prices soared to fresh all-time highs on Monday across domestic and international markets, driven by rising geopolitical tensions and increased safe-haven demand. According to market data, gold on the Multi Commodity Exchange (MCX) climbed to ₹1,41,250 per 10 grams, while silver surged to ₹2,63,996 per kilogram, marking a significant upward breakout in both metals.
Manish Verma, owner of Shri Shyam Jewellers, said the steep rise reflects a combination of global uncertainty, concerns around the US Federal Reserve’s independence, and a weakening US dollar. “Investors are shifting toward safe-haven assets due to escalating geopolitical risks,” he added, noting a sharp increase in bullion buying.
In the domestic market, February MCX gold futures jumped ₹2,431 or 1.8%, reaching a lifetime high. Over the past week alone, gold prices have risen by ₹3,058.
Silver also witnessed strong momentum, with March MCX contracts gaining ₹11,271 or 4.46%, touching a record ₹2,63,996 per kg. Silver prices are up nearly 7% over the week.
Globally, precious metals mirrored the same strength. On COMEX, February gold futures rose $111.8 or 2.5% to hit a new peak of $4,612.7 per ounce, while March silver contracts surged $4.56 or 5.8% to a historic $83.90 per ounce.
Manish Verma, said broader geopolitical events—including rising tensions involving Iran and an emergency United Nations meeting on the Ukraine conflict—have intensified investor caution, further lifting demand for gold and silver. The US dollar index slipped toward 99.03, adding additional support to bullion prices.
Market analysts note that as long as geopolitical instability persists, precious metals may continue to exhibit heightened volatility and upward momentum.
