Silver prices surged Rs 9,750 to hit a new record of Rs 2,27,000 per kilogram in the national capital on Wednesday even as the white metal breached the US $72 per ounce-mark in overseas markets, according to the All India Sarafa Association. On Tuesday, the metal had settled at Rs 2,17,250 per kg.
Spot silver crossed the US $72 level as the bullion prices hit record highs in the international markets. During the calendar year, the white metal has risen by Rs 1,37,300, or 153.06 per cent, from Rs 89,700 per kilogram recorded on December 31, 2024.
A weak US dollar, expectations of dovish monetary policy from the US Federal Reserve and ongoing geopolitical tensions continue to act as tailwinds for the precious metal.
Meanwhile, the precious metal of 99.9 per cent purity retreated from a record high in the local bullion market by a tad and traded lower by Rs 50 at Rs 1,40,800 per 10 grams (inclusive of all taxes) against the previous close of Rs 1,40,850 per 10 grams on Tuesday.
In the international markets, spot gold crossed the US $4,500 per ounce-mark for the first time by rising US $41.18, or 0.92 per cent, to US $4,525.96 per ounce. Spot gold reached a fresh record high of US $4,525 per ounce in the Asian session as the US dollar remains on defensive. In the last four sessions, the precious metal has risen by US $186.46, or 4.3 per cent, from the closing price of US $4,339.50 on December 19, 2025.
So far this year, the metal has added US $1,920.19, or 73.7 per cent, from US $2,605.77 per ounce recorded on December 31, 2024.
Extending the gains for the fourth consecutive day, spot silver went up by US $1.22, or 1.71 per cent, to hit a fresh high of US $72.70 per ounce in the overseas trade. Spot silver rose to hit record US $72 per ounce, setting new records, fuelled by anticipation of further monetary policy easing by the US Federal Reserve and increased geopolitical tensions. In the past four sessions, the white metal has risen by US $5.56, or 8.3 per cent, from US $67.14 per ounce recorded on December 19, 2025.
So far this year, silver prices have surged by US $43.73, or 151 per cent, recorded on December 31, 2024. The rising tensions between the US and Venezuela have boosted safe-haven flows into the bullion prices.
Also read: Silver prices decline on weak global cues; remain above ₹2 L/kg
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