A perfect storm of global events has sent Indian gold and silver prices soaring to unprecedented heights on Tuesday. Per IBJA, 24-carat gold leaped Rs 3,463 per 10 grams to Rs 1,47,409, eclipsing Rs 1,43,946. 22-carat gold now stands at Rs 1,35,027 (was Rs 1,31,855), and 18-carat at Rs 1,10,557 (from Rs 1,07,960).
Silver prices rocketed Rs 15,370 per kg to an all-time high of Rs 3,09,345, previously Rs 2,93,975. The momentum carried into derivatives: gold February 2026 up 2.99% to Rs 1,49,989; silver March 2026 up 4.42% to Rs 3,23,993.
International benchmarks confirm the trend—gold at $4,735/oz (+3.03%) and silver at $95.28/oz (+7.64%). Trump’s tariff salvo on Europe has intensified market jitters, boosting safe-haven flows into bullion.
Structural tailwinds are at play too: relentless central bank acquisitions bolstering gold, and silver’s indispensable role in green tech like solar panels and EVs driving industrial uptake. As investors navigate this volatile landscape, these metals offer stability and growth potential. The question now is whether this rally has legs or if counterforces will emerge.