Silver Nears ₹3.2 Lakh/Kg, Gold Futures Soar to Record ₹1.48 Lakh/10g on Global Uncertainty
Precious metals surge as investors seek refuge amid geopolitical tensions and market uncertainty.
New Delhi, Jan 20: Silver prices extended their record-setting surge on Tuesday, approaching ₹3.2 lakh per kilogram, while gold futures climbed to a lifetime high of ₹1.48 lakh per 10 grams, driven by strong safe‑haven demand amid deepening global geopolitical uncertainties and trade tensions.
On the Multi Commodity Exchange (MCX), silver futures for March delivery jumped sharply, rising over 3 per cent to a near‑record ₹3,19,949 per kg. The white metal had only recently crossed the ₹3 lakh mark, reflecting a sustained upswing in investor interest.
Gold futures also continued their upward march, supported by heightened risk aversion in financial markets. The yellow metal for February delivery climbed nearly 2 per cent to hit approximately ₹1.48 lakh per 10 grams on the MCX, while Comex gold futures topped historic levels in international trade.
Analysts attributed the sharp rally in precious metals to rising geopolitical risk, including trade uncertainties linked to global tariff disputes and tensions in strategic regions, which have pushed investors toward traditional safe haven assets like gold and silver.
Market participants are now watching key economic and geopolitical developments including tariff decisions and shifts in global risk sentiment for further cues that could influence bullion prices.
