Silver hits record high, crosses ₹3 lakh for the first time; gold soars to ₹1.45 lakh/10 gm

New Delhi (The Uttam Hindu): All predictions of a decline in gold and silver prices appear to be proving wrong. Both precious metals are consistently setting new records. On Monday, the first trading day of the week, silver made history. For the first time, the price of silver on the Multi Commodity Exchange (MCX) surpassed Rs 3 lakh per kg.

Silver prices on the MCX jumped by ₹13,553 at the start of trading on Monday, reaching a new all-time high of ₹301,315 per kg. Earlier, on Friday, silver prices had closed at ₹287,762 per kg.

Silver rose by 13,000 rupees, surpassing 3 lakh for the first time, while gold also rose; find out the new prices. : After showing a tremendous rise in the year 2025, silver has also started 2026 in a strong manner. If we look at the data, till now in January 2026, the price of silver has increased by Rs 65,614 per kg. On 31 December 2025, the price of silver was Rs 2,35,701 per kg, which has now increased to Rs 3,01,315 per kg.

Meanwhile, gold prices have also seen a sharp rise. MCX gold futures for February 5th delivery closed at ₹1,42,517 per 10 grams on Friday. As soon as the market opened on Monday, gold reached a new high of ₹1,45,500 per 10 grams. This means the price of 24-carat gold increased by ₹2,983 per 10 grams in a single day.

If we talk about the period from the beginning of this year till now, the price of 10 grams of gold was Rs 1,35,804 on December 31, 2025. Accordingly, gold has become costlier by Rs 9,696 per 10 grams till now.

According to experts, global tensions are the biggest reason behind this sharp rise in gold and silver prices. US President Donald Trump's tariff policy has once again increased uncertainty in the market. The situation has worsened due to the tariffs imposed by the US on European countries that are obstructing Trump's plan to annex Greenland. As global tensions increase, investors are again turning to gold and silver as safe inves