Silver prices hit an unprecedented high in the national capital, exceeding the critical Rs 3 lakh-per-kg mark. Gold has also reached a new record level, influenced by rising geopolitical tensions and uncertainties surrounding tariffs, driving demand for safe-haven assets. Market analysts observed that these trends indicate a growing pattern as investors increasingly turn to precious metals in light of global instability.
Record Surge in Silver Prices
On Monday, silver prices surged by Rs 10,000 in just one trading session, reaching Rs 3,02,600 per kg, up from Rs 2,92,600 per kg. This remarkable increase represents a year-to-date gain of Rs 63,600, or 26.61 percent, from the end of 2025, when silver was priced at Rs 2,39,000 per kg. The escalation in silver prices is linked to various factors, including heightened geopolitical tensions and tariff uncertainties prompting investors to flock towards safe-haven assets. As global market reactions unfold, the demand for silver as a protective investment continues to rise.
Gold Prices Hit New Heights
Gold also saw a notable increase, climbing by Rs 1,900 to reach a new all-time high of Rs 1,48,100 per 10 grams, inclusive of all taxes. This rise follows a recent session where gold was valued at Rs 1,46,200 per 10 grams. Since the beginning of 2026, gold has gained Rs 10,400, or 7.55 percent, from its price of Rs 1,37,700 per 10 grams at the end of the previous year. The upward movement in gold prices signifies a broader trend within the bullion market, as investors seek safety in precious metals amid ongoing global uncertainties.
Geopolitical Tensions and Tariff Threats
Analysts attribute the sharp increases in both gold and silver prices to growing global uncertainty, particularly following recent tariff threats from U.S. President Donald Trump. Over the weekend, Trump had announced plans to implement a 10 percent tariff on various goods imported from several European nations, including Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK, and Norway. This tariff is set to rise to 25 percent from June 1, 2026, unless an agreement concerning Greenland is reached. These developments have heightened concerns about possible retaliation from European nations, further adding to market volatility and uncertainty.
Global Market Reactions
The international market reflected the domestic surge in precious metals. Spot silver reached a record USD 94.13 per ounce, while gold ascended to an all-time high of USD 4,690.80 per ounce. Analysts stress that the recent tariff announcements have heightened the demand for safe-haven gold and silver, as investors look for stability amid geopolitical tensions. The swift response of precious metals to the evolving situation underscores their role as protective assets during uncertain times, emphasizing the ongoing volatility in global markets and the significance of safe-haven investments.
Digihunt is not a financial advisor and this is not investment advice.