New Delhi | January 14, 2026
Gold and silver prices in the Delhi bullion market surged to historic highs on Tuesday, driven by escalating geopolitical tensions centered around Iran and a global shift toward safe-haven assets. Silver soared to ₹2,71,000 per kilogram, while gold climbed to ₹1,45,000 per 10 grams, marking record-breaking levels for both precious metals.
According to traders, heightened uncertainty in international markets and increasing investor appetite for secure assets have triggered an aggressive rally in the bullion segment.
Silver’s Extraordinary Three-Day Rally
Silver prices have surged steeply over the past three trading sessions, powered by consistent buying from stockists and investors.
Latest Jump
Tuesday: Silver rose ₹6,000 (2.3%) to close at ₹2,71,000/kg (including tax).
Three-Day Performance
Monday: Silver jumped ₹15,000, reaching ₹2,65,000/kg.
Total gain in 3 days: ₹21,000, or 8.4%.
Year-to-Date Return
Compared to December 31, 2025, silver has gained ₹32,000, a rise of 13.4% since the start of the year.
Gold Also Touches Lifetime High
Gold continued its upward momentum in Delhi, hitting ₹1,45,000 per 10 grams, reflecting strong domestic and global demand. Though international spot gold showed a slight correction on Tuesday, it had touched a lifetime high just a day earlier.
Global Spot Prices
Spot Gold: Down 0.24% at $4,586.49/oz.
Record Level (Monday): $4,630.47/oz.
Spot Silver: Trading at $85.64/oz internationally.
What’s Driving the Bullion Boom?
Manish Verma, owner of Shri Shyam Jewellers, said the sustained rally is directly linked to ongoing geopolitical tensions involving Iran.
He noted:
“The upward trend in the bullion market is primarily driven by prolonged geopolitical stress centered around Iran. This has intensified global uncertainty and pushed investors toward gold and silver.”
Traders believe the market may continue to witness volatility as demand increases during periods of global instability.
