Gold and silver prices surged sharply in Indian markets amid rising global uncertainty and tariff tensions. Strong safe-haven demand pushed gold up over 3.5 percent, while silver also gained, signaling cautious investor sentiment worldwide.
Gold and Silver Prices Surge Sharply in Indian Markets
New Delhi: Gold and silver prices witnessed a significant jump in the Indian commodity market today, signaling renewed interest among investors in precious metals. Amid global uncertainty, currency fluctuations, and rising geopolitical tensions, bullion is once again emerging as a preferred safe-haven asset. On the Multi Commodity Exchange (MCX), both gold and silver traded firmly in the green, reflecting strong buying momentum.
Gold prices on MCX surged sharply, with 10 grams of gold trading at ₹1,55,886, registering a steep increase of ₹5,321, or nearly 3.53 percent. Silver prices also recorded gains, with one kilogram priced at ₹3,26,350, up by ₹2,678, marking a rise of about 0.83 percent. This rally has caught the attention of investors and traders alike.
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Market data shows that gold prices have risen substantially over the past three trading sessions. In just three days, the price of 24-carat gold has increased by around ₹6,010 per 10 grams. Meanwhile, 22-carat gold has become costlier by approximately ₹5,510. This consistent rise reflects growing investor anxiety amid unstable global economic conditions and increasing preference for safer investment avenues.
Gold Extends Rally, Silver Jumps as Market Uncertainty Grows
Experts believe this upward trend could continue if global uncertainties persist, especially in international trade and geopolitical relations.
According to market analysts, one of the major drivers behind the surge in gold and silver prices is rising global uncertainty. Tensions escalated after former US President Donald Trump announced the possibility of imposing tariffs on European countries. From February 1, 2026, a 10 percent tariff is expected to be levied on goods imported into the US from several European nations.
This announcement has unsettled global markets, prompting investors to reduce exposure to equities and shift funds into safer assets such as gold and silver. Additionally, fluctuations in the US dollar and concerns over global economic growth have further strengthened bullion demand.
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Commodity experts suggest that gold prices may remain volatile in the short term due to rapid global developments. However, from a long-term perspective, gold continues to be viewed as a reliable hedge against inflation, currency weakness, and geopolitical risks. These factors are expected to support gold prices over time.
For silver investors, experts advise keeping a close watch on industrial demand and global economic indicators, as silver is influenced not only by investment demand but also by its extensive industrial usage. Both metals play an important role in portfolio diversification and risk management.
Going forward, gold and silver prices will largely depend on signals from the US Federal Reserve, movements in the US dollar, and broader global market conditions. If uncertainty remains high, gold could move toward new record levels, while silver may also continue to show strength alongside industrial demand recovery.
