All predictions of a fall in gold and silver prices are proving wrong, and both precious metals are setting new records every day. On Monday, the first trading day of the week, there was such a rise in silver that the price of 1 kg of silver crossed ₹ 3 lakh. This is the first time in history that silver has crossed this level. On the other hand, the price of gold also increased rapidly and reached a new peak.
Silver is not stopping
The price of silver is showing no sign of stopping. On Monday, as trading began on the Multi Commodity Exchange (MCX), silver prices surged by ₹13,553, crossing the ₹3 lakh mark for the first time. The new all-time high of 1 kg silver is ₹3,01,315 per kg. On Friday, the last trading day of last week, the silver rate on MCX closed at ₹2,87,762 per kg.
₹ 65,000 more expensive so far in January
After a stellar performance in 2025, silver prices continue to rise in the first month of this year. This can be gauged from the fact that the price of silver has increased by ₹ 65,614 per kg so far in January 2026. Yes, on December 31, the last day of 2025, the price of 1 kg silver was ₹ 2,35,701, which has now increased to ₹ 3,01,315 per kg.
Gold became costlier by ₹2900 in the blink of an eye
Now, talking about gold prices, the rate of gold on MCX also increased like silver. Last Friday, gold futures for February 5 had closed at ₹1,42,517 per 10 grams, and it hit a new high of ₹1,45,500 as trading began on Monday. According to this calculation, the price of 24-carat 10 gram gold has increased by Rs 2983. Looking at the rise in gold prices since the beginning of this year, the price of 10 grams of gold on December 31, 2025 was Rs 1,35,804, which means it has become costlier by Rs 9,696 per 10 grams since then.
Why are gold and silver shining?
Among the reasons behind the rapid rise in gold and silver prices, global tension can be considered the most important factor. These tensions have increased once again due to Trump’s tariffs, and the US has also imposed tariffs on European countries which are hindering Trump’s plan to acquire Greenland. This has further increased the tension, and investors are once again looking at gold and silver as safe-haven assets, due to which their prices have increased rapidly.
