New Delhi | January 19, 2026
Gold and silver prices skyrocketed on Monday as heightened global tensions and strong safe-haven demand pushed both precious metals to their highest-ever levels. Silver crossed ₹3 lakh per kilogram for the first time in history, while gold also hit a fresh all-time high on the Multi Commodity Exchange (MCX).
Market predictions of a price correction have proved wrong, with both metals extending their record-breaking rally. At the opening of the week’s first trading session, silver posted a sharp surge on the MCX, breaching a milestone that traders had long anticipated.
Silver soars past ₹3 lakh/kg on MCX
March silver futures on the MCX jumped ₹13,550, or more than 5%, to reach ₹3,01,315 per kilogram—its highest level ever.
Silver has been on an aggressive uptrend for months, rising more than ₹65,000 per kilogram in January alone. On December 31, 2025, the price stood at ₹2,35,701 per kg, but has now surged to ₹3,01,315 per kg, marking one of the fastest price accelerations in recent years.
Gold rises nearly ₹3,000 in a single session
Gold mirrored silver’s sharp gains. February MCX gold futures, which closed at ₹1,42,517 per 10 grams last Friday, leaped to ₹1,45,500 per 10 grams on Monday—an increase of ₹2,983 in just one session.
Year-to-date charts show that gold prices have risen from ₹1,35,804 per 10 grams on December 31, 2025, marking a total jump of ₹9,696 per 10 grams so far in 2026.
Global Gold and Silver Market Update
The international markets also witnessed extraordinary momentum:
COMEX March silver futures surged $5.81, or 6.56%, to hit a record $94.35 per ounce.
COMEX February gold futures gained $102.6, or 2.23%, touching a record high of $4,698 per ounce.
Last week alone, silver gained $9.2 (11.6%), while gold rose $94.5 (2.09%).
Analysts note that both metals are drawing robust inflows as global uncertainty deepens.
Why Gold and Silver Prices Are Rising
According to market experts, geopolitical tensions triggered by US President Donald Trump’s tariff threat over Greenland have escalated global uncertainty.
This has prompted investors worldwide to shift toward safe-haven assets, giving a strong boost to gold and silver.
Analysts expect volatility to continue, with safe-haven demand likely to remain elevated unless geopolitical indicators stabilize.
