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Gold, Silver Soar to Record Highs as Global Tensions Fuel Safe-Haven Rush

Gold and silver prices surged to unprecedented record highs on the Multi Commodity Exchange, driven by investors seeking safety. Gold futures crossed the ₹1.5 lakh per 10 grams mark for the first time, while silver skyrocketed to nearly ₹3.28 lakh per kilogram. The rally is fueled by escalating global trade tensions, including fresh tariff threats from the US against Europe. Market experts attribute the meteoric rise to intense uncertainty, with silver gaining ₹1 lakh in a remarkably short span of 25 trading sessions.

Key Points: Gold, Silver Hit Record Highs Amid Global Trade Tensions

  • Gold futures hit historic high of ₹1,52,500
  • Silver gains ₹1 lakh in just 25 sessions
  • Fears escalate over US tariff threats
  • Investors flock to safe-haven assets
  • Silver's month-to-date gains near 36%
2 min read

Gold, silver hit record highs as global tensions push investors to safe havens

Gold crosses ₹1.5 lakh, silver surges past ₹3.27 lakh per kg as Trump's tariff threats spark investor flight to safe-haven assets.

"the strong rally in precious metals reflects investors' growing preference for safety as uncertainty dominates global markets - Experts"

Mumbai, Jan 20

Gold and silver prices surged to fresh record highs on the Multi Commodity Exchange on Tuesday as investors rushed towards safe-haven assets amid rising global trade and geopolitical tensions.

February gold futures opened higher at Rs 1,45,775 per 10 grams, compared to the previous close of Rs 1,45,639.

During the session, prices climbed sharply to touch a historic high of Rs 1,52,500 per 10 grams, gaining Rs 6,861 in a single day.

With this, gold crossed the Rs 1.50 lakh mark for the first time and extended its winning streak for the second consecutive session.

Silver prices also continued their strong rally. March delivery silver futures jumped another Rs 17,723 on Tuesday, after rising Rs 22,153 on Monday.

The metal touched an all-time high of Rs 3,27,998 per kilogram, taking its month-to-date gains to nearly 36 per cent.

Market participants are increasingly worried about escalating trade tensions triggered by fresh tariff threats from US President Donald Trump.

He has warned European countries of possible trade action over issues linked to Greenland, prompting discussions in Europe about counter-tariffs and broader economic retaliation.

Adding to the uncertainty, Trump also threatened to impose 200 per cent tariffs on French wine and champagne after French President Emmanuel Macron reportedly refused to join Trump's proposed "Board of Peace" on Gaza.

These developments have intensified fears of a new global trade conflict.

Silver has been one of the biggest beneficiaries of the current market environment.

Strong investment demand, along with rising industrial usage, has helped silver prices gain Rs 1 lakh in record time.

The metal crossed Rs 1 lakh per kilogram in October 2024 and took 14 months to reach Rs 2 lakh in December 2025.

However, the next Rs 1 lakh jump happened in just 25 trading sessions, with silver touching Rs 3 lakh on Monday.

Experts say the strong rally in precious metals reflects investors' growing preference for safety as uncertainty dominates global markets.

- IANS

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Reader Comments

R
Rohit P
Silver gaining 1 lakh in 25 sessions is insane! I remember when it was around 40k per kg. This is terrible for small industries like ours that use silver. Our raw material cost has tripled in less than a year. How are we supposed to plan or compete?
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Arjun K
Global tensions affecting our savings... feels unfair. The common man in India saves in gold for weddings and education. Now everything is getting more expensive because of trade wars we have no part in. The timing is bad with the wedding season approaching.
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Sarah B
While the article focuses on global triggers, I wish it had more analysis on domestic demand. Festival and wedding buying must be adding fuel to this fire. It's a perfect storm of international fear and Indian tradition.
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Vikram M
Trump's tariffs on French wine leading to my sister's wedding necklace costing more is a connection I never thought I'd see. The world is truly connected. Maybe it's time to look at digital gold or sovereign gold bonds as a more practical option?
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Karthik V
This is why my FD returns feel meaningless. Gold has given better returns than most fixed deposits over the last decade, especially with the rupee's value. People mock 'old-fashioned' investment, but sometimes tradition has wisdom.

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