Silver prices surged sharply in the national capital on Tuesday, rising by Rs 6,000 to touch a fresh lifetime high of Rs 2,71,000 per kilogram, while gold climbed to another record level of Rs 1,45,000 per 10 grams amid sustained buying interest.According to the All India Sarafa Association, silver extended its rally for the third straight session, gaining 2.3 per cent on Tuesday alone. The white metal had already jumped Rs 15,000 on Monday, and with the latest rise, it has gained Rs 21,000, or 8.4 per cent, over the last three trading sessions. Since the end of December 2025, silver prices have appreciated by Rs 32,000, marking a rise of 13.4 per cent.Gold of 99.9 per cent purity also edged higher, gaining Rs 400 to settle at an all-time high of Rs 1,45,000 per 10 grams. In the previous session, gold had risen sharply by Rs 2,900.Market participants attributed the strong rally in precious metals to continued demand for safe-haven assets amid geopolitical uncertainty. “The record-breaking rally in precious metals continues, underpinned by persistent safe-haven demand… driven by prolonged geopolitical tensions, most recently centred on Iran,” said Saumil Gandhi, senior analyst (Commodities) at HDFC Securities, as quoted by news agency PTI.In the overseas markets, spot gold eased marginally after hitting record levels earlier in the week, trading at $4,586.49 per ounce. Praveen Singh of Mirae Asset ShareKhan said gold was consolidating after a steep rally, adding that concerns over the US Federal Reserve’s independence had recently fuelled gains before some profit-taking emerged.Spot silver traded higher at $85.64 per ounce, after scaling a fresh peak of over $86 per ounce on Monday. Analysts said sustained investment demand, technical strength and a supportive dollar environment continued to lend support to bullion prices, with investors now awaiting key US inflation data for further cues on monetary policy and near-term price direction.
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