Momentum shows no signs of slowing as silver breaks all records, crosses ₹4 lakh; check latest gold update

New Delhi (The Uttam Hindu): Anyone planning to buy gold or silver may be taken by surprise, as prices of precious metals continue to hit fresh record highs. From domestic markets to global exchanges, gold and silver are witnessing an unprecedented surge, pushing rates to historic levels.

In the Indian market, gold prices have climbed close to ₹1.71 lakh per 10 grams, while silver is trading near the landmark level of ₹4 lakh per kilogram. Market experts believe that if the current trend continues, prices could rise further in the coming days.

In the international market, gold touched a new all-time high of $5,591.61 per ounce on Thursday. Spot gold was seen trading 2.1 percent higher at $5,511.79 per ounce. So far this week, gold has gained more than 10 percent and had crossed the $5,000 per ounce mark for the first time on Monday.

Silver prices also saw a sharp jump globally. Spot silver traded around $118.061 per ounce and touched a fresh lifetime high of $119.34 per ounce during the session. On the Multi Commodity Exchange (MCX), gold closed at ₹1,66,355 per 10 grams on Wednesday, while silver surged to ₹3,86,530 per kilogram.

In Delhi’s bullion market as well, silver prices rose sharply. On Wednesday, silver jumped by ₹15,000 to reach ₹3.85 lakh per kilogram. This marked the third consecutive day of strong gains in silver prices. Earlier, on January 26, silver had recorded a massive single-day rise of ₹40,500. Gold prices also remained firm, with 99.9 percent purity gold rising by ₹5,000 to hit a new record of ₹1,71,000 per 10 grams.