The white metal had closed at Rs 2,36,350 per kg on December 26. So far this year, silver has delivered exceptional returns, rising 167.55 per cent or Rs 1,50,300 from Rs 89,700 per kg recorded on December 31, 2024
Silver prices continued their record-setting rally for the fifth straight day on Monday. Representational pic
Silver prices extended their record-setting rally for the fifth consecutive day on Monday, climbing Rs 3,650 to touch a fresh high of Rs 2,40,000 per kilogramme (kg) in Delhi markets, driven by sustained buying by traders, according to the All India Sarafa Association.
The white metal had closed at Rs 2,36,350 per kg on December 26.
So far this year, silver has delivered exceptional returns, rising 167.55 per cent or Rs 1,50,300 from Rs 89,700 per kg recorded on December 31, 2024, PTI reported.
Meanwhile, 99.9 per cent purity gold eased from its record levels, dropping Rs 500 to Rs 1,41,800 per 10 grams (inclusive of all taxes). It had surged Rs 1,500 to hit a fresh record of Rs 1,42,300 per 10 grams in the previous session.
Gold traded lower on Monday as traders booked profits after the yellow metal fell nearly USD 70 to USD 4,463 per ounce in international markets amid high volatility, said Jateen Trivedi, Vice-President Research Analyst – Commodity and Currency, LKP Securities.
In overseas markets, spot gold was down USD 69.67, or 1.54 per cent, at USD 4,462.96 per ounce, PTI reported. Spot silver also retreated from lifetime highs, falling USD 4.06, or 5.13 per cent, to USD 75.09 per ounce following profit-taking after an end-of-year rally that had seen it hit USD 83.97 per ounce.
“The broader trend remains volatile as markets reassess positions after the recent sharp rally. This week, the Federal Reserve’s meeting minutes will be a key trigger, while the US holiday period could keep trading volumes relatively thin,” Trivedi said.
Hareesh V, Head of Commodity Research at Geojit Investments Ltd, said, “In 2025, gold and silver reached record highs, driven by a potent mix of macroeconomic shifts, industrial demand, and structural supply tightness.”
Commodities outperform equities as silver and gold rally
He added that commodities have emerged as standout performers while equities posted modest gains.
“The surge in raw materials reflects rising demand for tangible assets amid inflation concerns, resilient industrial consumption post-Covid, and mounting geopolitical risks, which have boosted commodities’ appeal relative to paper assets,” Hareesh said.
Looking ahead, Hareesh said the bullish trend in commodities is expected to continue in 2026 and beyond due to enduring structural dynamics.
“Gold remains supported by sustained central bank accumulation and elevated geopolitical risk. Declining real interest rates and ongoing macro uncertainty further strengthen its safe-haven appeal. Silver may benefit from persistent supply deficits and rising industrial demand, particularly from solar, AI, EVs, and electronics, keeping it in price-discovery territory,” he noted.
(With PTI inputs)
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