Silver prices in the national capital on Thursday continued their upward trend, rising by Rs 3,000 to hit a new record of ₹2,89,000 per kg (including all taxes). At the same time, gold prices also reached a new high of ₹ 1,47,300 per 10 grams. This information was given by All India Bullion Association. Silver gained 1.05 per cent or ₹3,000 for the fifth consecutive day. On Wednesday its price was ₹2,86,000 per kg. Silver has jumped nearly 16 percent or ₹45,500 in the last five sessions. On January 8, the price of silver was ₹2,43,500 per kg. With this, silver has given a return of 21 percent so far, leaving gold behind for the second consecutive year and has increased by ₹ 50,000 from ₹ 2,39,000 per kg on December 31, 2025.
Silver emerging as a strategic metal
Gold prices also rose for the fifth consecutive day and rose by ₹800 to ₹1,47,300 per 10 grams (including all taxes). In the last session it was ₹1,46,500 per 10 grams. Rajkumar Subramanian, Head, Products and Family Offices, PL Wealth Management, said that silver is emerging as a strategic metal in the current times. This is being driven not only by investment demand but also by the needs of industrial transformation.
The importance of silver increased even more
Subramanian said that the importance of silver has increased even more in India. Apart from the traditional value-store role, it is now also driven by demand from sectors such as solar energy, electronics, electric mobility and advanced manufacturing. As India accelerates its renewable energy and infrastructure plans, silver’s industrial relevance gives it long-term stability.
Silver is naturally more volatile than gold
Subramanian also said the growing interest from retail investors and high net worth households is positioning silver as a portfolio diversifier along with gold. However, silver is inherently more volatile than gold and its price can change rapidly due to global economic conditions, dollar movements and speculative flows. Therefore it should be invested with a medium- to long-term perspective.
How was the trend in international markets?
In international markets, gold and silver saw marginal improvement from their record levels. Silver prices fell 2.13 percent to USD 91.20 an ounce, compared to USD 93.52 an ounce on Wednesday. Gold price fell 0.26 percent to $ 4,614.45 an ounce. In the previous session it was $ 4,643.06 an ounce. Gaurav Garg, Research Analyst at Lemonn Markets, said gold remained relatively stable and hovered around $4,600 an ounce as traders booked profits.
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