Geopolitical uncertainties and safe haven-buying led to silver and gold metals’ futures touching new all-time highs on Thursday, breaching all previous records.
While silver prices breached the record ₹4 lakh per kilogram mark in futures trade, gold touched a lifetime high of ₹1.8 lakh per 10 grams, as investor demand increased and record gains were reported in the international markets.
On the Multi Commodity Exchange (MCX), silver futures for March delivery zoomed ₹22,090, or 5.73 per cent, to hit an all-time high of ₹4,07,456 per kilogram, and gold futures for February delivery soared ₹14,586, or 8.8 per cent, to touch a new peak of ₹1,80,501 per 10 grams on the MCX.
In the international market, gold futures on the Comex surpassed the crucial USD 5,600 per ounce-mark for the first time. The yellow metal for April delivery gained USD 286.6, or 5.4 per cent, to scale a fresh peak of USD 5,626.8 per ounce. Comex silver futures also rose sharply to touch a fresh record of USD 119.51 per ounce in the overseas markets.
Also Read: Gold, silver prices continue record run
Analysts said that upbeat industrial demand in silver and a weak US dollar lent further support to the white metal, which has been outperforming gold in recent sessions.
The market showed little reaction to the US Federal Reserve’s decision to leave rates unchanged, as spot gold was up 4 per cent at $5,393.19 an ounce at 4.08 p.m. ET (2108 GMT).
As expected, the Fed held interest rates steady, with Chair Jerome Powell citing inflated inflation alongside solid economic growth.
As of late January 2026, gold futures are experiencing a significant, record-setting rally driven by intense safe-haven demand, geopolitical tensions, and a weakening US dollar, with prices soaring past $5,300 per ounce. February 2026 COMEX gold futures recently surged, with many contracts trading near $5,500–$5,600, reflecting over 90 per cent gains in the past year.
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