Gold and Silver Prices Surge: Silver Exceeds Rs 3 Lakh per Kg in Delhi as Gold Reaches New All-Time High Amid Tariff Concerns
Silver prices reached a historic peak in the national capital on Monday, surpassing the significant Rs 3 lakh-per-kg threshold. Gold also achieved a new record, driven by escalating geopolitical tensions and uncertainties surrounding tariffs, which have heightened demand for safe-haven assets. Market analysts noted that these developments reflect a growing trend as investors seek refuge in precious metals amid global instability.
Record Surge in Silver Prices
On Monday, silver prices soared by Rs 10,000 in a single trading session, reaching Rs 3,02,600 per kg, up from Rs 2,92,600 per kg. This remarkable increase marks 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 surge in silver prices is attributed to a combination of factors, including heightened geopolitical tensions and tariff-related uncertainties that have prompted investors to flock to safe-haven assets. As global markets react to these pressures, silver’s appeal as a protective investment continues to grow.
Gold Prices Hit New Heights
Gold prices also experienced a significant rise, 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 increase follows a previous session where gold was priced 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 momentum in gold prices reflects a broader trend in the bullion market, as investors seek security in precious metals amid ongoing global uncertainties.
Geopolitical Tensions and Tariff Threats
Analysts have linked the sharp increases in both gold and silver prices to rising global uncertainty, particularly following recent tariff threats from U.S. President Donald Trump. Over the weekend, Trump announced plans to impose a 10 percent tariff on goods imported from several European nations, including Denmark, Sweden, France, Germany, the Netherlands, Finland, the UK, and Norway. This tariff is set to escalate to 25 percent from June 1, 2026, unless an agreement is reached regarding Greenland. Such developments have raised concerns about potential retaliation from European countries, further contributing to market volatility and uncertainty.
Global Market Reactions
The international market mirrored the domestic surge in precious metals. Spot silver reached a record USD 94.13 per ounce, while gold climbed to an all-time high of USD 4,690.80 per ounce. Analysts emphasize that the recent tariff announcements have intensified safe-haven demand for gold and silver, as investors look for stability amid geopolitical tensions. The swift response of precious metals to these developments underscores their role as a protective asset in times of uncertainty, highlighting the ongoing volatility in global markets and the importance of safe-haven investments.
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