Gold and Silver Prices Soar to New Heights Amid Global Market Strength

Post by : Bianca Suleiman

On Tuesday, the price of gold continued its upward trajectory for the second consecutive day, reaching an unprecedented high in the national capital, as per the All India Sarafa Association. This surge is primarily due to robust trends observed in global markets.

Gold with a purity of 99.9% climbed by ₹2,650, settling at a record ₹1,40,850 per 10 grams. In the previous trading session, it had closed at ₹1,38,200 per 10 grams.

To date, gold has garnered a remarkable ₹61,900 in the year 2025, marking an increase of approximately 78.4% compared to its closing price of ₹78,950 per 10 grams at the end of 2024. This continued rally mirrors a growing tendency among investors towards safe-haven assets in light of global uncertainties.

Silver prices have also been on a winning streak for two days, surging ₹2,750 to reach an all-time high of ₹2,17,250 per kilogram, taxes included. The previous session closed at ₹2,14,500 per kg, following a significant single-day increase of ₹10,400.

Year-to-date, silver has fared even better, skyrocketing by ₹1,27,550, reflecting a remarkable 142.2% rise from ₹89,700 per kilogram at 2024's close.

Market analysts attribute the bullion rally to expectations for a more accommodating monetary policy in the United States and rising geopolitical tensions.

According to analysts, global market watchers are increasingly pricing in the likelihood of multiple interest rate cuts by the US Federal Reserve in 2026. Lower interest rates commonly enhance the allure of non-yielding assets such as gold and silver.

In international markets, spot gold experienced a surge of USD 54.3 or 1.22%, reaching a record high of USD 4,498 per ounce. So far, in this calendar year, spot gold has appreciated by USD 1,892.23, equivalent to over 72.6% from its closing figure of USD 2,605.77 per ounce at 2024's close.

Silver also achieved a significant milestone, rising 1.4% to surpass the USD 70-per-ounce threshold for the first time. Thus far in 2025, spot silver has escalated by USD 41.03, a nearly 141.6% increase from USD 28.97 per ounce.

Analysts noted that alongside expectations for rate cuts, a weakening US dollar and ongoing geopolitical challenges are fueling the surge in precious metals.

Looking ahead, market participants are likely to closely monitor the upcoming macroeconomic data from the US, particularly the second estimate of third-quarter GDP figures. These insights could provide further clarity on the US economy's health and influence future expectations around the Federal Reserve’s monetary policy.

Currently, with strong global indicators and sustained investor demand, it appears that gold and silver will remain firmly supported in the near future.