Gold and Silver Prices This Evening: White metal hits new all-time high at Rs 1,75,502, yellow metal surges by Rs 1,172

Gold Rates Today: Gold prices surged sharply on Monday, rising from the previous close of Rs 1,26,883 per 10 grams with an increase of Rs 1,172. The yellow metal is currently trading at around Rs 1,28,055 per 10 grams, marking a 0.92 per cent intraday jump.

Throughout the day, gold displayed strong optimism in the domestic market. However, it still remains Rs 4,239 below its all-time high of Rs 1,32,294, which was recorded during the festive season on October 17, 2025.

Experts believe that with the ongoing wedding season, gold may witness another round of strong buying momentum.

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Global gold prices

In the international market, gold is trading around $4,246 per troy ounce, up 0.64 per cent for the day, reflecting a steady bullish trend across global precious metal markets.

“No Sellers in Gold,” says IBJA President Prithviraj Kothari

In a conversation with Zee Business, commenting on the price movement, Prithviraj Kothari, President of IBJA, said jewellers and bullion traders should not expect the gold market to cool off anytime soon.

According to him, the market is showing no signs of selling pressure, as investors are unwilling to offload their holdings. This, he said, reflects strong long-term confidence in the yellow metal and suggests that the current bullish sentiment is likely to persist.

Silver hits all-time high, surges over 1.47 per cent

Silver stole the spotlight in the precious metals market on Monday, climbing to a new all-time high of Rs 1,75,502 per kilogram.

The white metal currently trading around Rs 1,73,937 or up 1.34 per cent for the day. The white metal jumped Rs 2,529 from its previous close of Rs 1,71,637 per kilogram , extending its strong upward run.

Experts indicate that silver prices may continue rising in the coming weeks, supported by global investment demand.

Silver rally driven by investment demand, not physical buying

According to IBJA President Prithviraj Kothari, the surge in silver prices marks the beginning of a fresh rally. After a healthy post-Diwali correction, silver has bounced back sharply.

He noted that physical demand for silver remains weak worldwide, and the ongoing rally is being fueled purely by investment demand, with investors viewing silver as a safe long-term asset.

Kothari added that concerns over a potential 30 per cent customs duty on silver in the US have created fresh uncertainty, pushing COMEX prices higher.

He also noted that despite US markets being closed for a holiday, silver still recorded an unusual $4 single-session jump, a rare occurrence in his decades-long experience.

International silver prices up 0.8 per cent

Globally, silver is trading 1.58 per cent higher at $57.62 per troy ounce, maintaining upward momentum. Over the past 30 days, the white metal has surged 17.45 per cent, underscoring strong investor interest.

Kothari added that if silver climbs to $50–$52 per troy ounce, physical demand may finally return to the market.