New Delhi, January 30, 2026
Gold and silver prices continued their sharp upward rally in India on Thursday, with both precious metals touching fresh all-time highs in the national capital amid strong global cues and rising safe-haven demand.
In Delhi’s bullion market, silver surged past the ₹4 lakh per kilogram mark, while gold climbed to ₹1.83 lakh per 10 grams, setting new record levels.
📈 Silver Jumps ₹19,500 in a Single Day
According to the All India Sarafa Association, silver extended its gains for the fourth consecutive session, jumping ₹19,500, or 5.06%, to reach a record ₹4,04,500 per kilogram (inclusive of all taxes).
The white metal had closed at ₹3,85,000 per kilogram in the previous session, marking one of the steepest single-day rises seen in recent times.
🪙 Gold Hits New All-Time High
Gold prices also witnessed a strong surge. 99.9% pure gold rose by ₹12,000, or 7.02%, to touch a new all-time high of ₹1,83,000 per 10 grams (inclusive of all taxes), compared with the previous close of ₹1,71,000 per 10 grams.
Market participants said the sharp rise reflects increased investor interest in bullion amid global economic uncertainty.
🌍 Global Factors Fuel Rally
Traders attributed the rally primarily to strong global trends, driven by rising geopolitical tensions and a weakening US dollar, which prompted investors to move toward traditional safe-haven assets such as gold and silver.
In the international market, gold prices surged by $177.14, or 3.3%, to reach a new peak of $5,595.02 per ounce.
Meanwhile, spot silver climbed $3.59, or 3.07%, hitting a record $120.45 per ounce during overseas trading.
📊 Outlook
Analysts say sustained global uncertainty and continued demand from investors could keep precious metal prices volatile in the near term, with bullion remaining in focus as a hedge against economic and geopolitical risks.
