Silver and Gold Prices Skyrocket Amid Global Rally

Silver and gold prices soared to record highs in the national capital, reflecting a global trend as investors flock to safe-haven assets due to geopolitical tensions and a weakening dollar. Silver reached Rs 4,04,500 per kilogram, and gold climbed to Rs 1,83,000 per 10 grams.

Silver and gold prices saw unprecedented increases in the national capital on Thursday, marking a significant uptrend in line with global markets. Silver surpassed the Rs 4 lakh per kilogram mark, and gold reached a new height of Rs 1.83 lakh per 10 grams.

The All India Sarafa Association reported a surge in silver prices by Rs 19,500, a 5.06% increase, bringing it to a record Rs 4,04,500 per kilogram. Previously, the metal closed at Rs 3,85,000 per kilogram. Gold of 99.9% purity also made gains, rising Rs 12,000 or 7.02% from its previous close.

Traders pointed to global market trends as the driver behind these increases, with both metals reaching new highs amid geopolitical tensions and a weakening US dollar. Internationally, gold hit a peak of USD 5,595.02 per ounce, while spot silver reached USD 120.45 per ounce.