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Gold and silver prices moved higher as investors looked for safety amid ongoing global and geopolitical uncertainty. Both precious metals are trading close to their all-time high levels in international and domestic markets.
Spot gold price rose 1.1 per cent to $5,068.05 per ounce, after touching a record high of $5,110.50 per ounce in the previous session.
US gold futures for February delivery gained 0.4 per cent to $5,063.0 per ounce.
Gold prices are supported by strong safe-haven demand as investors remain cautious about global risks and a weak US dollar.
Spot silver price jumped 4.47 per cent to $108.39 per ounce, after hitting a record high of $117.69 per ounce on Monday.
Silver has already surged 55 per cent so far this year, showing strong momentum.
MCX gold prices extended their record-breaking rally on Tuesday, tracking gains in international bullion prices.
MCX gold February futures (05FEB2026) hit a lifetime high of Rs 1,59,820 per 10 grams, rising 1.1 per cent on Tuesday.
The yellow metal closed at Rs 1,56,037 in the previous session.
Gold prices have increased by around Rs 3,800 from the earlier all-time high level.
Meanwhile, the gold price today touched a high of Rs 1,57,748, up 1.1 per cent during the session.
Silver prices on MCX also surged sharply:
MCX silver futures (05MAR2026) price opened 1.53 per cent higher at Rs 3,39,824 per kg, compared to the previous close of Rs 3,34,699 per kg.
During the day, MCX silver hit a lifetime high of Rs 3,64,821 per kg.
Gold prices have climbed nearly 17 per cent so far this year. The rally is supported by:
Investors shift away from sovereign bonds and currencies
Silver prices are also benefiting from strong global demand and limited supply.
With gold and silver prices touching fresh all-time highs almost every day, buyers and investors should keep a close watch on local rates. The Gold prices may vary across cities due to taxes, making charges, and transportation costs.
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